CRC Insurance Group, LLC

Charlotte, NC Finance & insuranceNAICS 524210

Self-funded health planPlan year 2025Renews January
6,558Participants-34% vs. prior year
$15.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 14Finance & insurance in NCBy participants

Overview

CRC Insurance Group, LLC sponsors a self-funded health plan that covered 6,558 participants in plan year 2025, down 34% 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
6,558 · prior year 10,000
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
CRC Employee Benefit Plan, plan 501 (6,558 participants)
Broker compensation
$326K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Long-term disability, Accidental Death & Dismemberment7,966$6.3M$127K
Unum Insurance CompanyAccident, Critical Illness, Hospital Indemnity1,156$724K$199K
ComPsych CorporationEmployee Assistance Program5,875$77K—

Pharmacy benefit estimate

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

$15.5M/ year

Estimated prescription spend: 6,558 participants × $2,371 national average per member. Usually higher once dependents are counted.

$404K–$997K/ year

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

Brands with a generic available$118K–$295K
Lower-cost therapeutic alternatives$173K–$361K
Generic pricing vs. actual cost$75K–$224K
PBM contract terms$39K–$117K
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
CRC Insurance Group, LLC
Sponsor EIN
31-1746517
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-1746517 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
CRC Insurance Group, LLC 401(k) Savings Plan
Type
401(k) plan
Participants
9,495

About this data

Source: CRC Insurance Group, 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 CRC Insurance Group, LLC.

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