Ivy Hospitality LLC

Indianapolis, IN HospitalityNAICS 721110

Self-funded health planPlan year 2024Renews August
642ParticipantsFirst year on file
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#2 of 4Hospitality in INBy participants

Overview

Ivy Hospitality LLC sponsors a self-funded health plan that covered 642 participants in plan year 2024. The plan year starts in August. 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
642
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Ivy Hospitality Benefit Plan, plan 501 (642 participants)
Stop-loss carrier
Nationwide Life Insurance Company
Broker compensation
$32K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Nationwide Life Insurance CompanyStop-loss232$455K—
Fidelity Security Life Insurance CompanyVision328$18K$2K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 642 participants × $2,371 national average per member. Usually higher once dependents are counted.

$40K–$98K/ year

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

Brands with a generic available$12K–$29K
Lower-cost therapeutic alternatives$17K–$35K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Ivy Hospitality LLC
Sponsor EIN
93-4891022
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 93-4891022 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ivy Hospitality LLC 401(k) Plan
Type
401(k) plan
Participants
802

About this data

Source: Ivy Hospitality 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 Ivy Hospitality LLC.

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