Edmonson Electric, LLC

Land-O-Lakes, FL ConstructionNAICS 238210

Self-funded health planPlan year 2024Renews September
637ParticipantsFirst year on file
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#24 of 31Construction in FLBy participants

Overview

Edmonson Electric, LLC sponsors a self-funded health plan that covered 637 participants in plan year 2024. The plan year starts in September. 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
637
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Edmonson Electric, LLC Welfare Benefit Plan, plan 524 (637 participants)
Stop-loss carrier
Berkley Life and Health Insurance Company
Broker compensation
$69K 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
Berkley Life and Health Insurance CompanyStop-loss480$510K—
The Guardian Life Insurance Company of AmericaDental, Vision, Life, Short-term disability, Long-term disability498$376K$61K
Tokio Marine HCCTransplant349$55K$7K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 637 participants × $2,371 national average per member. Usually higher once dependents are counted.

$39K–$97K/ year

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

Brands with a generic available$11K–$29K
Lower-cost therapeutic alternatives$17K–$35K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 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
Edmonson Electric, LLC
Sponsor EIN
59-1826189
Plan number
524
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 59-1826189 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Edmonson Electric, Inc. 401(k)profit Sharing Plan
Type
401(k) plan
Participants
505

About this data

Source: Edmonson Electric, 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 Edmonson Electric, LLC.

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