Jako Enterprises, LLC

Bensalem, PA RetailNAICS 448210

Self-funded health planPlan year 2024Renews July
1,450ParticipantsFirst year on file
$3.4MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#21 of 33Retail in PABy participants

Overview

Jako Enterprises, LLC sponsors a self-funded health plan that covered 1,450 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,450
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Jako Enterprises Group Benefits Plan, plan 501 (1,450 participants)
Broker compensation
$31K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaLife, Short-term disability, Long-term disability1,476$511K$22K
United Concordia Insurance CompanyDental857$189K$679
Vision Service PlanVision570$72K$8K

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,450 participants × $2,371 national average per member. Usually higher once dependents are counted.

$89K–$220K/ year

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

Brands with a generic available$26K–$65K
Lower-cost therapeutic alternatives$38K–$80K
Generic pricing vs. actual cost$17K–$50K
PBM contract terms$9K–$26K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Jako Enterprises, LLC
Sponsor EIN
22-3806236
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-3806236 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Jako Enterprises, LLC 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
5,541

About this data

Source: Jako Enterprises, 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 Jako Enterprises, LLC.

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