Firstkey Homes, LLC

Atlanta, GA Real estateNAICS 531110

Self-funded health planPlan year 2025Renews January
865Participants+0% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#9 of 12Real estate in GABy participants

Overview

Firstkey Homes, LLC sponsors a self-funded health plan that covered 865 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
865 · prior year 862
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Firstkey Homes Health and Welfare Benefit Plan, plan 501 (865 participants)
Broker compensation
$60K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
UnitedHealthcare Insurance CompanyDental1,501$559K—
Lincoln National Life Insurance CompanyLife, Short-term disability, Long-term disability829$526K$40K
Combined Insurance Company of AmericaAccident, Critical Illness, Hospital871$137K$17K
Vision Service PlanVision671$103K—
Pre-Paid Legal Services Inc. DBA LegalshieldLegal104$18K$4K
Health Advocate Solutions, Inc.Employee Assistance Program762$16K—

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 865 participants × $2,371 national average per member. Usually higher once dependents are counted.

$53K–$131K/ year

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

Brands with a generic available$16K–$39K
Lower-cost therapeutic alternatives$23K–$48K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$15K
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
Firstkey Homes, LLC
Sponsor EIN
61-1766648
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 61-1766648 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Firstkey Homes 401(k) Plan
Type
401(k) plan
Participants
1,046

About this data

Source: Firstkey Homes, 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 Firstkey Homes, LLC.

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