Classic Collision, LLC.

Atlanta, GA Other servicesNAICS 811120

Self-funded health planPlan year 2024Renews August
4,727ParticipantsFirst year on file
$11.2MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#2 of 10Other services in GABy participants

Overview

Classic Collision, LLC. sponsors a self-funded health plan that covered 4,727 participants in plan year 2024. The plan year starts in August. 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
4,727
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Classic Collision, LLC Health & Welfare Plan, plan 501 (4,727 participants)
Stop-loss carrier
Symetra Life Insurance Company
Broker compensation
$943K 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
Symetra Life Insurance CompanyAccident, Critical Illness, Stop-loss2,762$5.4M$407K
United of Omaha Life Insurance CompanyDental, Life, Short-term disability, Long-term disability4,727$4.0M$469K
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, HMO123$911K$45K
Eyemed Vision CareVision4,206$212K$21K

Pharmacy benefit estimate

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

$11.2M/ year

Estimated prescription spend: 4,727 participants × $2,371 national average per member. Usually higher once dependents are counted.

$291K–$718K/ year

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

Brands with a generic available$85K–$213K
Lower-cost therapeutic alternatives$124K–$260K
Generic pricing vs. actual cost$54K–$161K
PBM contract terms$28K–$84K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Classic Collision, LLC.
Sponsor EIN
82-3412546
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 82-3412546 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Classic Collision, LLC 401(k) Plan
Type
401(k) plan
Participants
4,409

About this data

Source: Classic Collision, 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 Classic Collision, LLC..

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