Best Labor Contractors, LLC

Coral Gables, FL ConstructionNAICS 238900

Self-funded health planPlan year 2025Renews January
722Participants+1% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#19 of 31Construction in FLBy participants

Overview

Best Labor Contractors, LLC sponsors a self-funded health plan that covered 722 participants in plan year 2025, about the same as the prior year. The plan year starts in January. 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
722 · prior year 717
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Best Labor Contractors Health and Welfare Plan, plan 504 (722 participants)
Broker compensation
$75K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability722$275K$56K
Colonial Life and Accident Insurance CompanyAccident, Critical Illness220$115K$19K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 722 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$110K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Best Labor Contractors, LLC
Sponsor EIN
20-8090106
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-8090106 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Best Labor 401(k) Plan
Type
401(k) plan
Participants
626

About this data

Source: Best Labor Contractors, LLC's Form 5500 filing for plan year 2025 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 Best Labor Contractors, LLC.

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