Goodwill Industries of South Florida, Inc.

Miami, FL Health careNAICS 624310

Self-funded health planPlan year 2025Renews January
2,222Participants-4% vs. prior year
$5.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#24 of 89Health care in FLBy participants

Overview

Goodwill Industries of South Florida, Inc. sponsors a self-funded health plan that covered 2,222 participants in plan year 2025, down 4% from 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
2,222 · prior year 2,313
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Goodwill Industries of South Florida Wrap Plan, plan 504 (2,222 participants)
Broker compensation
$228K 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
Hartford Life and AccidentLife, Short-term disability, Long-term disability2,211$855K$182K
The Lincoln National Life Insurance CompanyDental602$262K$29K
Unum Life Insurance Company of AmericaLong Term Care37$39K$7K
American Public Life Insurance CompanyHospital110$36K$5K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision735$33K$4K

Pharmacy benefit estimate

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

$5.3M/ year

Estimated prescription spend: 2,222 participants × $2,371 national average per member. Usually higher once dependents are counted.

$137K–$338K/ year

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

Brands with a generic available$40K–$100K
Lower-cost therapeutic alternatives$58K–$122K
Generic pricing vs. actual cost$25K–$76K
PBM contract terms$13K–$40K
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
Goodwill Industries of South Florida, Inc.
Sponsor EIN
59-0866126
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 59-0866126 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Goodwill Industries of South Florida Inc. 401(k) Plan
Type
401(k) plan
Participants
2,790

About this data

Source: Goodwill Industries of South Florida, Inc.'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 Goodwill Industries of South Florida, Inc..

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