Biltmore Workforce Management, LLC

Asheville, NC Arts & recreationNAICS 713900

Self-funded health planPlan year 2024Renews July
1,094ParticipantsFirst year on file
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#2 of 2Arts & recreation in NCBy participants

Overview

Biltmore Workforce Management, LLC sponsors a self-funded health plan that covered 1,094 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, vision, short-term disability, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,094
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
The Biltmore Company Welfare Benefit Plan, plan 501 (1,094 participants)
Stop-loss carrier
BCS Insurance Company
Broker compensation
$29K across insured contracts
MedicalLife insuranceVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
BCS Insurance CompanyStop-loss698$789K—
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability795$645K$13K
Unum Insurance CompanyHospital264$84K$15K
Starmount Life Insurance CompanyVision734$67K$1K
Blue Cross Blue Shield of North CarolinaMedical698——

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,094 participants × $2,371 national average per member. Usually higher once dependents are counted.

$67K–$166K/ year

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

Brands with a generic available$20K–$49K
Lower-cost therapeutic alternatives$29K–$60K
Generic pricing vs. actual cost$12K–$37K
PBM contract terms$6K–$19K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Biltmore Workforce Management, LLC
Sponsor EIN
47-3797737
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-3797737 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Biltmore Workforce Management 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
1,781

About this data

Source: Biltmore Workforce Management, LLC'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 Biltmore Workforce Management, LLC.

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