Horizon Services, LLC

Newark, DE ConstructionNAICS 238220

Self-funded health planPlan year 2025Renews January
3,033Participants+6% vs. prior year
$7.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 2Construction in DEBy participants

Overview

Horizon Services, LLC sponsors a self-funded health plan that covered 3,033 participants in plan year 2025, up 6% 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
3,033 · prior year 2,868
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Horizon Services, LLC Health and Welfare Plan, plan 501 (3,033 participants)
Broker compensation
$48K 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
Metropolitan Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability3,033$2.0M$44K
MetLife Legal PlansLegal115$26K$3K

Pharmacy benefit estimate

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

$7.2M/ year

Estimated prescription spend: 3,033 participants × $2,371 national average per member. Usually higher once dependents are counted.

$187K–$461K/ year

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

Brands with a generic available$55K–$137K
Lower-cost therapeutic alternatives$80K–$167K
Generic pricing vs. actual cost$35K–$104K
PBM contract terms$18K–$54K
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
Horizon Services, LLC
Sponsor EIN
84-3313183
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 84-3313183 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Horizon Services, LLC'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 Horizon Services, LLC.

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