Lemek, LLC

Elkridge, MD HospitalityNAICS 722513

Self-funded health planPlan year 2024Renews August
712ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#4 of 5Hospitality in MDBy participants

Overview

Lemek, LLC sponsors a self-funded health plan that covered 712 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
712
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Lemek LLC Health and Welfare Plan, plan 501 (712 participants)
Broker compensation
$120K 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
Standard Insurance CompanyAccident, Critical Illness, Dental, Life, Short-term disability, Long-term disability823$528K$102K
Vision Service PlanVision329$86K$19K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 712 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$108K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$13K
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
Lemek, LLC
Sponsor EIN
39-1927747
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-1927747 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Lemek, LLC DBA Panera Bread 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
1,004

About this data

Source: Lemek, 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 Lemek, LLC.

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