Brockton Area Multi Services, Inc.

Brockton, MA Health careNAICS 624100

Self-funded health planPlan year 2024Renews July
1,486ParticipantsFirst year on file
$3.5MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#19 of 40Health care in MABy participants

Overview

Brockton Area Multi Services, Inc. sponsors a self-funded health plan that covered 1,486 participants in plan year 2024. The plan year starts in July. 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
1,486
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Brockton Area Multi Services, Inc. Employee Benefit Package, plan 501 (1,486 participants)
Broker compensation
$35K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability814$492K$33K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision860$42K—
Arag Insurance CompanyLegal166$17K$2K

Pharmacy benefit estimate

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

$3.5M/ year

Estimated prescription spend: 1,486 participants × $2,371 national average per member. Usually higher once dependents are counted.

$92K–$226K/ year

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

Brands with a generic available$27K–$67K
Lower-cost therapeutic alternatives$39K–$82K
Generic pricing vs. actual cost$17K–$51K
PBM contract terms$9K–$26K
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
Brockton Area Multi Services, Inc.
Sponsor EIN
04-2562377
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2562377 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Bamsi 403(b) Retirement Plan
Type
Defined contribution plan
Participants
1,568

About this data

Source: Brockton Area Multi Services, 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 Brockton Area Multi Services, Inc..

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