Legends Hospitality, LLC

New York, NY HospitalityNAICS 722300

Self-funded health planPlan year 2025Renews January
3,509Participants-7% vs. prior year
$8.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 8Hospitality in NYBy participants

Overview

Legends Hospitality, LLC sponsors a self-funded health plan that covered 3,509 participants in plan year 2025, down 7% from the prior year. The plan year starts in January. 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
3,509 · prior year 3,772
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Legends Hospitality, LLC Health and Welfare Benefit Plan, plan 501 (3,509 participants)
Stop-loss carrier
HCC Life Insurance Company
Broker compensation
$458K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLong-term disability, Accident, Life, Short-term disability, Hospital, Accidental Death and Dismemberment, Critical Illness2,608$1.4M$264K
Metropolitan Life Insurance CompanyDental3,462$1.3M$121K
HCC Life Insurance CompanyStop-loss1,801$965K$48K
UnitedHealthcare Insurance CompanyVision2,742$177K$17K
Arag Insurance CompanyLegal518$78K$8K

Pharmacy benefit estimate

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

$8.3M/ year

Estimated prescription spend: 3,509 participants × $2,371 national average per member. Usually higher once dependents are counted.

$216K–$533K/ year

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

Brands with a generic available$63K–$158K
Lower-cost therapeutic alternatives$92K–$193K
Generic pricing vs. actual cost$40K–$120K
PBM contract terms$21K–$62K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Legends Hospitality, LLC
Sponsor EIN
26-3393272
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-3393272 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Legends 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
23,438

About this data

Source: Legends Hospitality, LLC's Form 5500 filing for plan year 2025 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 Legends Hospitality, LLC.

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