Classic Residence Management Limited Partnership VI

Chicago, IL Health careNAICS 623000

Self-funded health planPlan year 2024Renews July
2,347ParticipantsFirst year on file
$5.6MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#25 of 65Health care in ILBy participants

Overview

Classic Residence Management Limited Partnership VI sponsors a self-funded health plan that covered 2,347 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
2,347
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
VI Welfare Benefit Plan, plan 501 (2,347 participants)
Broker compensation
$150K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare 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, Short-term disability, Long-term disability2,310$1.7M$21K
Reliastar Life Insurance CompanyCritical Illness, Accident and Hospital 1,532$521K$128K
Vision Service PlanVision2,236$152K—
Massachusetts Mutual Life Insurance CompanyLife46$41K—

Pharmacy benefit estimate

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

$5.6M/ year

Estimated prescription spend: 2,347 participants × $2,371 national average per member. Usually higher once dependents are counted.

$145K–$357K/ year

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

Brands with a generic available$42K–$106K
Lower-cost therapeutic alternatives$62K–$129K
Generic pricing vs. actual cost$27K–$80K
PBM contract terms$14K–$42K
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
Classic Residence Management Limited Partnership VI
Sponsor EIN
36-3558465
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-3558465 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
VI Retirement Plan
Type
401(k) plan
Participants
3,508

About this data

Source: Classic Residence Management Limited Partnership VI'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 Residence Management Limited Partnership VI.

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