Lang Masonry Contractors, Inc.

Waterford, OH ConstructionNAICS 238900

Self-funded health planPlan year 2024Renews October
575ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#20 of 21Construction in OHBy participants

Overview

Lang Masonry Contractors, Inc. sponsors a self-funded health plan that covered 575 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
575
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Lang Masonry Contractors, Inc. Group Health and Life Insurance Plan, plan 501 (575 participants)
Broker compensation
$26K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance Company of AmericaLife, Dental, Vision, Short-term disability528$581K$26K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 575 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$87K/ year

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

Brands with a generic available$10K–$26K
Lower-cost therapeutic alternatives$15K–$32K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
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
Lang Masonry Contractors, Inc.
Sponsor EIN
31-1451365
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-1451365 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Lang Masonry Contractors, Inc. 401(k) Plan
Type
401(k) plan
Participants
804

About this data

Source: Lang Masonry Contractors, 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 Lang Masonry Contractors, Inc..

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