Gossett Motor Cars, Inc. Employee Benefit Plan

Memphis, TN RetailNAICS 441110

Self-funded health planPlan year 2025Renews January
618Participants+34% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 14Retail in TNBy participants

Overview

Gossett Motor Cars, Inc. Employee Benefit Plan sponsors a self-funded health plan that covered 618 participants in plan year 2025, up 34% 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
618 · prior year 461
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Gossett Motor Cars, Inc. Employee Benefit Plan, plan 501 (618 participants)
Stop-loss carrier
Companion Life Ins Co.
Broker compensation
$72K 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
Companion Life Ins Co.Stop-loss281$635K—
Metropolitan General Insurance CompanyLegal, Life, Short-term disability, Long-term disability618$355K$40K
Ameritas Life Insurance Corp.Dental, Vision506$141K$15K
Metropolitan Life Insurance CompanyMedical90$57K$17K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 618 participants × $2,371 national average per member. Usually higher once dependents are counted.

$38K–$94K/ year

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

Brands with a generic available$11K–$28K
Lower-cost therapeutic alternatives$16K–$34K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
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
Gossett Motor Cars, Inc. Employee Benefit Plan
Sponsor EIN
62-1236154
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 62-1236154 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Gossett Motors 401(k) Plan
Type
401(k) plan
Participants
716

About this data

Source: Gossett Motor Cars, Inc. Employee Benefit Plan'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 Gossett Motor Cars, Inc. Employee Benefit Plan.

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