Colliers Engineering & Design Inc.

Holmdel, NJ Professional servicesNAICS 541330

Self-funded health planPlan year 2024Renews November
2,601ParticipantsFirst year on file
$6.2MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#9 of 32Professional services in NJBy participants

Overview

Colliers Engineering & Design Inc. sponsors a self-funded health plan that covered 2,601 participants in plan year 2024. The plan year starts in November. 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
2,601
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Collier's Engineering & Design, Inc. Health and Welfare Plan, plan 501 (2,601 participants)
Broker compensation
$139K 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
The Guardian Life Insurance Company of AmericaLife, Short-term disability, Long-term disability2,601$1.9M$111K
Vision Service PlanVision1,893$206K—
Colonial Life & Accident Insurance CompanyShort-term disability130$161K$13K
Continental American Insurance CompanyLife, Short-term disability392$65K$12K

Pharmacy benefit estimate

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

$6.2M/ year

Estimated prescription spend: 2,601 participants × $2,371 national average per member. Usually higher once dependents are counted.

$160K–$395K/ year

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

Brands with a generic available$47K–$117K
Lower-cost therapeutic alternatives$68K–$143K
Generic pricing vs. actual cost$30K–$89K
PBM contract terms$15K–$46K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 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
Colliers Engineering & Design Inc.
Sponsor EIN
22-2651610
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-2651610 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Colliers Engineering & Design, Inc. 401(k) Savings & Retirement Plan
Type
401(k) plan
Participants
2,969

About this data

Source: Colliers Engineering & Design Inc.'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 Colliers Engineering & Design Inc..

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