Great Eastern Resort Corporation

Charlottesville, VA Real estateNAICS 531390

Self-funded health planPlan year 2024Renews November
729ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#10 of 12Real estate in VABy participants

Overview

Great Eastern Resort Corporation sponsors a self-funded health plan that covered 729 participants in plan year 2024. The plan year starts in November. 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
729
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Great Eastern Resort Corporation Health and Welfare Plan, plan 504 (729 participants)
Stop-loss carrier
Anthem Health Plans of Virginia DBA Anthem Bcbs (g1605)
Broker compensation
$261K 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
Anthem Health Plans of Virginia DBA Anthem Bcbs (g1605)Vision, PPO, Stop-loss1,624$1.1M$160K
Ameritas Life Insurance Corp.Dental1,218$303K$33K
Anthem Life Insurance CompanyLife, Short-term disability, Long-term disability736$285K$40K
American Heritage Life Insurance CompanyAccident, Cancer167$139K$28K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 729 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$111K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Great Eastern Resort Corporation
Sponsor EIN
54-1300497
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-1300497 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Great Eastern Resort Corporation'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 Great Eastern Resort Corporation.

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