IL Fornaio America LLC

Corte Madera, CA HospitalityNAICS 722511

Self-funded health planPlan year 2024Renews October
525ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#11 of 11Hospitality in CABy participants

Overview

IL Fornaio America LLC sponsors a self-funded health plan that covered 525 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
525
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
IL Fornaio Health and Welfare Plan, plan 501 (525 participants)
Broker compensation
$9K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, Long-term disability, Accidental Death and Dismemberment525$84K$1K
Vision Service PlanVision192$30K$8K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 525 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$80K/ year

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

Brands with a generic available$9K–$24K
Lower-cost therapeutic alternatives$14K–$29K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
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
IL Fornaio America LLC
Sponsor EIN
94-2766571
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 94-2766571 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
IL Fornaio 401(k) Retirement Plan
Type
401(k) plan
Participants
1,241

About this data

Source: IL Fornaio America LLC'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 IL Fornaio America LLC.

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