Element Vehicle Management Services, LLC

Owings Mills, MD Transportation & logisticsNAICS 488990

Self-funded health planPlan year 2025Renews January
1,424Participants0% vs. prior year
$3.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 5Transportation & logistics in MDBy participants

Overview

Element Vehicle Management Services, LLC sponsors a self-funded health plan that covered 1,424 participants in plan year 2025, about the same as 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
1,424 · prior year 1,424
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Element Vehicle Management Services Group, LLC Health and Welfare Benefits Plan, plan 501 (1,424 participants)
Broker compensation
$72K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Long-term disability1,374$914K$68K
Vision Service PlanVision977$146K$3K
Cigna Health and Life Insurance Company and AffiliatesDental560$134K—
Prudential Insurance Company of AmericaBusiness Travel Accident1,272$4K$741

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,424 participants × $2,371 national average per member. Usually higher once dependents are counted.

$88K–$216K/ year

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

Brands with a generic available$26K–$64K
Lower-cost therapeutic alternatives$37K–$78K
Generic pricing vs. actual cost$16K–$49K
PBM contract terms$8K–$25K
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
Element Vehicle Management Services, LLC
Sponsor EIN
35-2441330
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-2441330 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Element Vehicle Management Services Group, LLC 401(k) Plan
Type
401(k) plan
Participants
1,819

About this data

Source: Element Vehicle Management Services, 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 Element Vehicle Management Services, LLC.

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