Brady Services Holdings, Inc.

Greensboro, NC ConstructionNAICS 238220

Self-funded health planPlan year 2025Renews April
573Participants+12% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#19 of 21Construction in NCBy participants

Overview

Brady Services Holdings, Inc. sponsors a self-funded health plan that covered 573 participants in plan year 2025, up 12% from the prior year. The plan year starts in April. 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
573 · prior year 512
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Brady Services Holdings, Inc. Welfare Benefit Plan, plan 501 (573 participants)
Stop-loss carrier
Sun Life Assurance Company of Canada
Broker compensation
$164K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Rxbenefits, Inc.Medical, Prescription drug498$1.7M—
Reliastar Life Insurance CompanyLife, Short-term disability, Long-term disability1,468$628K$97K
Sun Life Assurance Company of CanadaStop-loss495$579K$42K
Ameritas Life Insurance Corp.Vision910$81K$18K
Teladoc Health Inc.Medical573$28K$4K
Pre-Paid Legal Services Inc. DBA LegalshieldLegal Services Plan Memberships93$21K$3K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 573 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$87K/ year

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

Brands with a generic available$10K–$26K
Lower-cost therapeutic alternatives$15K–$32K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Brady Services Holdings, Inc.
Sponsor EIN
85-3416598
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 85-3416598 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Brady Services Holdings, Inc.
Type
401(k) plan
Participants
765

About this data

Source: Brady Services Holdings, Inc.'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 Brady Services Holdings, Inc..

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