Benore Logistic Systems, Inc.

Erie, MI Transportation & logisticsNAICS 484120

Self-funded health planPlan year 2024Renews September
1,000ParticipantsFirst year on file
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#5 of 6Transportation & logistics in MIBy participants

Overview

Benore Logistic Systems, Inc. sponsors a self-funded health plan that covered 1,000 participants in plan year 2024. The plan year starts in September. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,000
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Benore Logistic Systems, Inc. Welfare Benefit Plan, plan 501 (1,000 participants)
Stop-loss carrier
Principal Life Insurance Company; National Medical Excess, LLC; Aetna Life Insurance Company
Broker compensation
$319K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Principal Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability, PPO, Stop-loss1,964$1.9M$319K
National Medical Excess, LLCStop-loss756$884K—
Aetna Life Insurance CompanyStop-loss756$11K—

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$2.4M/ year

Estimated prescription spend: 1,000 participants × $2,371 national average per member. Usually higher once dependents are counted.

$62K–$152K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$18K–$45K
Lower-cost therapeutic alternatives$26K–$55K
Generic pricing vs. actual cost$11K–$34K
PBM contract terms$6K–$18K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Benore Logistic Systems, Inc.
Sponsor EIN
38-3201371
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-3201371 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Benore Logistic Systems Inc. 401(k) Profit Sharing Plan & Trust
Type
401(k) plan
Participants
1,381

About this data

Source: Benore Logistic Systems, Inc.'s Form 5500 filing for plan year 2024 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Benore Logistic Systems, Inc..

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