Imagefirst Healthcare Laundry Specialists, Inc.

King of Prussia, PA ManufacturingNAICS 315990

Self-funded health planPlan year 2024Renews October
3,886ParticipantsFirst year on file
$9.2MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#20 of 105Manufacturing in PABy participants

Overview

Imagefirst Healthcare Laundry Specialists, Inc. sponsors a self-funded health plan that covered 3,886 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
3,886
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Imagefirst Healthcare Laundry Specialists Welfare Plan, plan 501 (3,886 participants)
Broker compensation
$930K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Short-term disability, Long-term disability3,724$2.3M$401K
United Concordia Insurance CompanyDental3,490$1.3M$152K
Aetna Life Insurance CompanyVision4,550$1.1M$376K

Pharmacy benefit estimate

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

$9.2M/ year

Estimated prescription spend: 3,886 participants × $2,371 national average per member. Usually higher once dependents are counted.

$240K–$591K/ year

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

Brands with a generic available$70K–$175K
Lower-cost therapeutic alternatives$102K–$214K
Generic pricing vs. actual cost$44K–$133K
PBM contract terms$23K–$69K
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
Imagefirst Healthcare Laundry Specialists, Inc.
Sponsor EIN
52-2048123
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-2048123 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Image First Holdings, LLC Retirement Savings Plan
Type
401(k) plan
Participants
4,824

About this data

Source: Imagefirst Healthcare Laundry Specialists, 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 Imagefirst Healthcare Laundry Specialists, Inc..

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