Demakes Enterprises, LLC

Lynn, MA ManufacturingNAICS 311110

Self-funded health planPlan year 2025Renews November
598Participants+4% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#44 of 48Manufacturing in MABy participants

Overview

Demakes Enterprises, LLC sponsors a self-funded health plan that covered 598 participants in plan year 2025, up 4% from the prior year. The plan year starts in November. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
598 · prior year 574
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Demakes Life, Disability, Dental Plan, plan 502 (598 participants)
MedicalLife insuranceDentalShort-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
New York LifeAccidental Death and Dismemberment, Life, Long-term disability590——

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 598 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$91K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$4K–$11K
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 2025
Plan sponsor
Demakes Enterprises, LLC
Sponsor EIN
04-2549910
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2549910 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Demakes Enterprises Profit Sharing Plan
Type
401(k) plan
Participants
491

About this data

Source: Demakes Enterprises, 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 Demakes Enterprises, LLC.

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