Exela Pharma Sciences, LLC

Lenoir, NC Professional servicesNAICS 541990

Self-funded health planPlan year 2024Renews October
504ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#24 of 24Professional services in NCBy participants

Overview

Exela Pharma Sciences, LLC sponsors a self-funded health plan that covered 504 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
504
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Exela Pharma Sciences, LLC Health and Welfare Benefit Plan, plan 501 (504 participants)
Broker compensation
$123K 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
The Guardian Life Insurance Company of AmericaDental, Vision, Life, Short-term disability, Long-term disability504$822K$123K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 504 participants × $2,371 national average per member. Usually higher once dependents are counted.

$31K–$77K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$13K–$28K
Generic pricing vs. actual cost$6K–$17K
PBM contract terms$3K–$9K
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
Exela Pharma Sciences, LLC
Sponsor EIN
26-2756751
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-2756751 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Exela Pharma Sciences, LLC 401(k) Safe Harbor Plan
Type
401(k) plan
Participants
525

About this data

Source: Exela Pharma Sciences, 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 Exela Pharma Sciences, LLC.

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