Cooper Family Management, LLC

Edmond, OK RetailNAICS 441110

Self-funded health planPlan year 2024Renews June
937ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#4 of 12Retail in OKBy participants

Overview

Cooper Family Management, LLC sponsors a self-funded health plan that covered 937 participants in plan year 2024. The plan year starts in June. 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
937
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Cooper Auto Group Health and Welfare Plan, plan 501 (937 participants)
Broker compensation
$127K 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
American Fidelity Assurance CompanyShort-term disability, Long-term disability349$676K$33K
Metropolitan Life Insurance CompanyDental, Vision, Life1,855$596K$94K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 937 participants × $2,371 national average per member. Usually higher once dependents are counted.

$58K–$142K/ year

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

Brands with a generic available$17K–$42K
Lower-cost therapeutic alternatives$25K–$52K
Generic pricing vs. actual cost$11K–$32K
PBM contract terms$6K–$17K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Cooper Family Management, LLC
Sponsor EIN
46-1766360
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 46-1766360 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Cooper Auto Group 401(k) Plan
Type
401(k) plan
Participants
829

About this data

Source: Cooper Family Management, 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 Cooper Family Management, LLC.

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