Ironwood Physicians, PC

Gilbert, AZ Health careNAICS 621111

Self-funded health planPlan year 2024Renews October
663ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#33 of 40Health care in AZBy participants

Overview

Ironwood Physicians, PC sponsors a self-funded health plan that covered 663 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
663
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Ironwood Physicians PC Employee Benefits Plan, plan 501 (663 participants)
Broker compensation
$203K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Bluecross Blueshield of ArizonaDental959$1.0M$132K
The Lincoln National Life Insurance CompanyLife, Short-term disability, Long-term disability643$275K$57K
Vision Service PlanVision392$74K$7K
Metropolitan Life Insurance Company—154$30K$6K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 663 participants × $2,371 national average per member. Usually higher once dependents are counted.

$41K–$101K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$17K–$36K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
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
Ironwood Physicians, PC
Sponsor EIN
73-1636831
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 73-1636831 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ironwood Physicians 401(k) Plan
Type
401(k) plan
Participants
724

About this data

Source: Ironwood Physicians, PC'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 Ironwood Physicians, PC.

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