Five Star Food Service, Inc.

Chattanooga, TN HospitalityNAICS 722300

Self-funded health planPlan year 2024Renews April
2,779ParticipantsFirst year on file
$6.6MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#4 of 8Hospitality in TNBy participants

Overview

Five Star Food Service, Inc. sponsors a self-funded health plan that covered 2,779 participants in plan year 2024. The plan year starts in April. 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
2,779
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Five Star Food Service Group Medical Plan, plan 501 (2,779 participants)
Stop-loss carrier
HM Life Insurance Company
Broker compensation
$594K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
HM Life Insurance CompanyStop-loss1,275$1.9M$97K
Life Insurance Company of North AmericaShort-term disability, Long-term disability, Life, Basic AD&D, Voluntary AD&D1,214$811K$117K
Cigna Health and Life Insurance Company and AffiliatesDental, Vision1,237$730K$75K
American Heritage Life Insurance CompanyAccident, Critical Illness, Hospital Ind1,450$494K$300K
Globe Life and Accident Insurance CompanyMedical, Short-term disability55$35K$5K

Pharmacy benefit estimate

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

$6.6M/ year

Estimated prescription spend: 2,779 participants × $2,371 national average per member. Usually higher once dependents are counted.

$171K–$422K/ year

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

Brands with a generic available$50K–$125K
Lower-cost therapeutic alternatives$73K–$153K
Generic pricing vs. actual cost$32K–$95K
PBM contract terms$16K–$49K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Five Star Food Service, Inc.
Sponsor EIN
58-2225899
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-2225899 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Five Star Food Service, Inc. 401(k) Employees' Savings Plan
Type
401(k) plan
Participants
2,246

About this data

Source: Five Star Food Service, Inc.'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 Five Star Food Service, Inc..

Request a correction · Methodology