Haley Buick GMC Truck Inc.

Richmond, VA RetailNAICS 441110

Self-funded health planPlan year 2024Renews October
637ParticipantsFirst year on file
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#10 of 12Retail in VABy participants

Overview

Haley Buick GMC Truck Inc. sponsors a self-funded health plan that covered 637 participants in plan year 2024. The plan year starts in October. 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
637
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Haley Automotive Group Employee Benefits Plan, plan 501 (637 participants)
Stop-loss carrier
Anthem Health Plans of Virginia, Inc.
Broker compensation
$63K 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, Inc.Vision, Stop-loss638$432K—
Unum Life Insurance Company of AmericaLife, Long-term disability, Short-term disability, Gciee, Grpaccvo, Grphspvoen669$280K$46K
Unum Insurance CompanyGRP Accident, Attained Age Critical Illness, Hospital EE Paid90$59K$10K
Provident Life and Accident Insurance CompanyShort-term disability117$55K$3K
Fidelity Security Life Insurance CompanyVision605$48K$4K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 637 participants × $2,371 national average per member. Usually higher once dependents are counted.

$39K–$97K/ year

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

Brands with a generic available$11K–$29K
Lower-cost therapeutic alternatives$17K–$35K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 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
Haley Buick GMC Truck Inc.
Sponsor EIN
54-0719909
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-0719909 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Haley Automotive Group Profit Sharing Plan
Type
Defined contribution plan
Participants
683

About this data

Source: Haley Buick GMC Truck 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 Haley Buick GMC Truck Inc..

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