L-M Asphalt Partners

Lexington, KY ConstructionNAICS 237310

Self-funded health planPlan year 2024Renews April
793ParticipantsFirst year on file
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#5 of 6Construction in KYBy participants

Overview

L-M Asphalt Partners sponsors a self-funded health plan that covered 793 participants in plan year 2024. The plan year starts in April. 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
793
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
ATS Construction Group Health Plan, plan 515 (793 participants)
Broker compensation
$26K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Delta Dental of KentuckyDental373$101K$9K
Metropolitan Life Insurance CompanyLife, Long-term disability138$70K$8K
Anthem Health Plans of Kentucky, Inc.Vision866$64K$9K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 793 participants × $2,371 national average per member. Usually higher once dependents are counted.

$49K–$121K/ year

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

Brands with a generic available$14K–$36K
Lower-cost therapeutic alternatives$21K–$44K
Generic pricing vs. actual cost$9K–$27K
PBM contract terms$5K–$14K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
L-M Asphalt Partners
Sponsor EIN
61-1219911
Plan number
515
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 61-1219911 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
ATS Construction 401(k) Retirement Plan
Type
401(k) plan
Participants
997

About this data

Source: L-M Asphalt Partners'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 L-M Asphalt Partners.

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