Bluegreen Vacations Corporation

Boca Raton, FL ConstructionNAICS 237210

Self-funded health planPlan year 2024Renews January
5,575ParticipantsFirst year on file
$13.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 31Construction in FLBy participants

Overview

Bluegreen Vacations Corporation sponsors a self-funded health plan that covered 5,575 participants in plan year 2024. 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
5,575
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Bluegreen Group Benefits Plan, plan 501 (5,575 participants)
Broker compensation
$647K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyLife, Short-term disability, Long-term disability, Employee Assistance Program5,033$3.4M$646K

Pharmacy benefit estimate

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

$13.2M/ year

Estimated prescription spend: 5,575 participants × $2,371 national average per member. Usually higher once dependents are counted.

$344K–$847K/ year

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

Brands with a generic available$100K–$251K
Lower-cost therapeutic alternatives$147K–$307K
Generic pricing vs. actual cost$63K–$190K
PBM contract terms$33K–$99K
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 2024
Plan sponsor
Bluegreen Vacations Corporation
Sponsor EIN
03-0300793
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 03-0300793 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Bluegreen Vacations Corporation Retirement Savings Plan
Type
401(k) plan
Participants
66

About this data

Source: Bluegreen Vacations Corporation'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 Bluegreen Vacations Corporation.

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