CMG Parent, LLC

Charlotte, NC ConstructionNAICS 238220

Self-funded health planPlan year 2025Renews January
1,429Participants-2% vs. prior year
$3.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 21Construction in NCBy participants

Overview

CMG Parent, LLC sponsors a self-funded health plan that covered 1,429 participants in plan year 2025, down 2% 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
1,429 · prior year 1,461
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
CMG Parent, LLC Welfare Benefit Plan, plan 501 (1,429 participants)
Broker compensation
$928K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Delta Dental of North CarolinaDental, Vision2,582$1.0M$113K
Lincoln National Life Insurance CompanyLong-term disability, Life2,294$955K$302K
Life Insurance Company of North AmericaShort-term disability947$402K$127K
The Lincoln National Life Insurance CompanyCritical Illness, Hospital Indemnity, Accident698$308K$227K
Trustmark Insurance CompanyLong Term Care226$136K$93K
Transamerica Life Insurance CompanyCancer392$88K$51K
MetLife Legal PlansLegal333$65K$15K

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,429 participants × $2,371 national average per member. Usually higher once dependents are counted.

$88K–$217K/ year

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

Brands with a generic available$26K–$64K
Lower-cost therapeutic alternatives$38K–$79K
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 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
CMG Parent, LLC
Sponsor EIN
88-3589943
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 88-3589943 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: CMG Parent, 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 CMG Parent, LLC.

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