Encore Holdings, LLC

Pawtucket, RI ConstructionNAICS 238290

Self-funded health planPlan year 2024Renews October
2,124ParticipantsFirst year on file
$5.0MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#1 of 2Construction in RIBy participants

Overview

Encore Holdings, LLC sponsors a self-funded health plan that covered 2,124 participants in plan year 2024. The plan year starts in October. 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
2,124
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Encore Holdings Health and Welfare Plan, plan 501 (2,124 participants)
Broker compensation
$303K 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
Hartford Life and AccidentLife, Short-term disability, Long-term disability1,895$1.2M$195K
Delta Dental of Rhode IslandDental1,547$784K$10K
Continental American Insurance CompanyAccident, Critical Illness, Hospital855$143K$94K
Vision Service PlanVision1,085$133K$3K

Pharmacy benefit estimate

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

$5.0M/ year

Estimated prescription spend: 2,124 participants × $2,371 national average per member. Usually higher once dependents are counted.

$131K–$323K/ year

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

Brands with a generic available$38K–$96K
Lower-cost therapeutic alternatives$56K–$117K
Generic pricing vs. actual cost$24K–$73K
PBM contract terms$13K–$38K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 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
Encore Holdings, LLC
Sponsor EIN
27-0867747
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-0867747 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Encore Holdings, LLC 401(k) Plan
Type
401(k) plan
Participants
1,244

About this data

Source: Encore Holdings, 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 Encore Holdings, LLC.

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