Ideal Image Development Corp.

Tampa, FL Other servicesNAICS 812990

Self-funded health planPlan year 2024Renews January
652ParticipantsFirst year on file
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#14 of 18Other services in FLBy participants

Overview

Ideal Image Development Corp. sponsors a self-funded health plan that covered 652 participants in plan year 2024. 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
652
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Ideal Image Welfare Benefit Plan, plan 502 (652 participants)
Broker compensation
$94K 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
Cigna Health and Life Insurance Company and AffiliatesVision934$594K$7K
Life Insurance Company of North AmericaLife, Short-term disability, Long-term disability652$511K$57K
American Heritage Life Insurance CompanyLife185$115K$29K
Evernorth Behavioral Health, Inc.Employee Assistance Program3,408$22K—
Arag Insurance CompanyLegal94$13K$2K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 652 participants × $2,371 national average per member. Usually higher once dependents are counted.

$40K–$99K/ year

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

Brands with a generic available$12K–$29K
Lower-cost therapeutic alternatives$17K–$36K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$12K
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 2024
Plan sponsor
Ideal Image Development Corp.
Sponsor EIN
20-4852227
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-4852227 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ideal Image Development 401(k) Plan
Type
401(k) plan
Participants
2,968

About this data

Source: Ideal Image Development Corp.'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 Ideal Image Development Corp..

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