C.w. Matthews Contracting Co., Inc.

Marietta, GA ConstructionNAICS 237310

Self-funded health planPlan year 2024Renews May
1,422ParticipantsFirst year on file
$3.4MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#5 of 23Construction in GABy participants

Overview

C.w. Matthews Contracting Co., Inc. sponsors a self-funded health plan that covered 1,422 participants in plan year 2024. The plan year starts in May. 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
1,422
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
CWM Employee Benefit Trust, plan 501 (1,422 participants)
Stop-loss carrier
Amwins Group, Inc. DBA Stealth Partner Group
Broker compensation
$302K 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
Unum Life Insurance Company of AmericaLife, Long-term disability1,422$802K$150K
Starmount Life Insurance CompanyDental, Vision1,055$743K$152K

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,422 participants × $2,371 national average per member. Usually higher once dependents are counted.

$88K–$216K/ year

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

Brands with a generic available$26K–$64K
Lower-cost therapeutic alternatives$37K–$78K
Generic pricing vs. actual cost$16K–$49K
PBM contract terms$8K–$25K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 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
C.w. Matthews Contracting Co., Inc.
Sponsor EIN
58-0652729
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-0652729 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
C.w. Matthews Contracting Company, Inc. 401(k) Plan
Type
401(k) plan
Participants
1,972

About this data

Source: C.w. Matthews Contracting Co., 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 C.w. Matthews Contracting Co., Inc..

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