Daniel G. Schuster, LLC

Owings Mills, MD ConstructionNAICS 238100

Self-funded health planPlan year 2024Renews May
1,507ParticipantsFirst year on file
$3.6MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#4 of 10Construction in MDBy participants

Overview

Daniel G. Schuster, LLC sponsors a self-funded health plan that covered 1,507 participants in plan year 2024. The plan year starts in May. 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
1,507
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Daniel G. Schuster, LLC Health and Welfare Benefits Plan, plan 501 (1,507 participants)
Broker compensation
$17K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, AD & D, Long-term disability, Short-term disability833$550K$17K
EyemedVision771$52K—

Pharmacy benefit estimate

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

$3.6M/ year

Estimated prescription spend: 1,507 participants × $2,371 national average per member. Usually higher once dependents are counted.

$93K–$229K/ year

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

Brands with a generic available$27K–$68K
Lower-cost therapeutic alternatives$40K–$83K
Generic pricing vs. actual cost$17K–$51K
PBM contract terms$9K–$27K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 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
Daniel G. Schuster, LLC
Sponsor EIN
52-1042778
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-1042778 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Daniel G. Schuster LLC 401(k) Salary Reduction Plan
Type
401(k) plan
Participants
1,577

About this data

Source: Daniel G. Schuster, 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 Daniel G. Schuster, LLC.

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