Fidelity Engineering, LLC

Sparks, MD Professional servicesNAICS 541330

Self-funded health planPlan year 2024Renews August
4,152ParticipantsFirst year on file
$9.8MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#3 of 25Professional services in MDBy participants

Overview

Fidelity Engineering, LLC sponsors a self-funded health plan that covered 4,152 participants in plan year 2024. The plan year starts in August. 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
4,152
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Fidelity Engineering, plan 501 (4,152 participants)
Broker compensation
$172K across insured contracts
MedicalLife insuranceDentalVisionShort-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
Metropolitan Life Insurance CompanyLife, Short-term disability, Long-term disability4,152$2.2M$172K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision3,273$171K—

Pharmacy benefit estimate

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

$9.8M/ year

Estimated prescription spend: 4,152 participants × $2,371 national average per member. Usually higher once dependents are counted.

$256K–$631K/ year

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

Brands with a generic available$75K–$187K
Lower-cost therapeutic alternatives$109K–$228K
Generic pricing vs. actual cost$47K–$142K
PBM contract terms$25K–$74K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Fidelity Engineering, LLC
Sponsor EIN
52-0557267
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-0557267 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fidelity Building Services Group 401(k)
Type
401(k) plan
Participants
2,775

About this data

Source: Fidelity Engineering, 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 Fidelity Engineering, LLC.

Request a correction · Methodology