Careservices 173, LLC

Fort LEE, NJ Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
3,819Participants+26% vs. prior year
$9.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 53Health care in NJBy participants

Overview

Careservices 173, LLC sponsors a self-funded health plan that covered 3,819 participants in plan year 2025, up 26% from the prior year. 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
3,819 · prior year 3,022
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Careservices 173, LLC Employee Benefit(s) Plan, plan 501 (3,819 participants)
Broker compensation
$391K 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
Delta Dental of New Jersey, Inc.Dental5,595$1.7M$32K
Continental American Insurance CompanyLife, Short-term disability2,168$1.1M$335K
Standard Insurance CompanyLife, Short-term disability, Long-term disability3,181$453K$24K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision5,261$297K—
Arag Insurance CompanyLegal1,156$102K—
Allone HealthEmployee Assistance Program3,136$21K—

Pharmacy benefit estimate

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

$9.1M/ year

Estimated prescription spend: 3,819 participants × $2,371 national average per member. Usually higher once dependents are counted.

$235K–$580K/ year

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

Brands with a generic available$69K–$172K
Lower-cost therapeutic alternatives$101K–$210K
Generic pricing vs. actual cost$43K–$130K
PBM contract terms$23K–$68K
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 2025
Plan sponsor
Careservices 173, LLC
Sponsor EIN
03-0379640
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 03-0379640 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Care One Management 401(k) Plan
Type
401(k) plan
Participants
4,833

About this data

Source: Careservices 173, LLC'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 Careservices 173, LLC.

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