Freeman Mathis & Gary, LLP

Atlanta, GA Professional servicesNAICS 541110

Self-funded health planPlan year 2024Renews June
560ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#23 of 28Professional services in GABy participants

Overview

Freeman Mathis & Gary, LLP sponsors a self-funded health plan that covered 560 participants in plan year 2024. The plan year starts in June. 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
560
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Freeman Mathis & Gary LLP Health and Welfare Plan, plan 501 (560 participants)
Broker compensation
$222K 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
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability798$629K$126K
Starmount Life Insurance CompanyDental, Vision576$491K$90K
Vision Service PlanVision325$46K$7K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 560 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$85K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$31K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Freeman Mathis & Gary, LLP
Sponsor EIN
58-2288491
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-2288491 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Freeman Mathis & Gary, LLP Partner/staff Retirement Savings Plan
Type
401(k) plan
Participants
594

About this data

Source: Freeman Mathis & Gary, LLP'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 Freeman Mathis & Gary, LLP.

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