Carr, Riggs, & Ingram, LLC

Enterprise, AL Professional servicesNAICS 541211

Self-funded health planPlan year 2024Renews January
2,758ParticipantsFirst year on file
$6.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 17Professional services in ALBy participants

Overview

Carr, Riggs, & Ingram, LLC sponsors a self-funded health plan that covered 2,758 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
2,758
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Carr Riggs & Ingram, LLC Flexible Benefit Plan, plan 501 (2,758 participants)
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Lincoln National Life Insurance CompanyLife, Long-term disability, Short-term disability2,094$1.3M—
Vision Service PlanVision1,266$161K—

Pharmacy benefit estimate

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

$6.5M/ year

Estimated prescription spend: 2,758 participants × $2,371 national average per member. Usually higher once dependents are counted.

$170K–$419K/ year

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

Brands with a generic available$50K–$124K
Lower-cost therapeutic alternatives$73K–$152K
Generic pricing vs. actual cost$31K–$94K
PBM contract terms$16K–$49K
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
Carr, Riggs, & Ingram, LLC
Sponsor EIN
72-1396621
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 72-1396621 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Carr, Riggs, & Ingram, LLC'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 Carr, Riggs, & Ingram, LLC.

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