Dead River Company

South Portland, ME RetailNAICS 454310

Self-funded health planPlan year 2024Renews July
1,515ParticipantsFirst year on file
$3.6MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#2 of 2Retail in MEBy participants

Overview

Dead River Company sponsors a self-funded health plan that covered 1,515 participants in plan year 2024. The plan year starts in July. 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
1,515
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Dead River Company Wrap Benefit Plan, plan 513 (1,515 participants)
Broker compensation
$91K 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
Delta Dental Plan of MaineDental2,083$861K—
Unum Insurance CompanyAccident, Critical Illness, Life, Long-term disability1,515$432K$88K
Vision Service PlanVision1,042$143K$3K
Northern Light Healthy Life EAPEmployee Assistance Program1,515——

Pharmacy benefit estimate

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

$3.6M/ year

Estimated prescription spend: 1,515 participants × $2,371 national average per member. Usually higher once dependents are counted.

$93K–$230K/ 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–$52K
PBM contract terms$9K–$27K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Dead River Company
Sponsor EIN
01-0385895
Plan number
513
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 01-0385895 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Dead River 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
2,295

About this data

Source: Dead River Company'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 Dead River Company.

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