LMG Holdings, Inc.

Cincinnati, OH Professional servicesNAICS 541990

Self-funded health planPlan year 2025Renews January
829Participants+26% vs. prior year
$2.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#24 of 44Professional services in OHBy participants

Overview

LMG Holdings, Inc. sponsors a self-funded health plan that covered 829 participants in plan year 2025, up 26% 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
829 · prior year 659
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
LMG Holdings, Inc. Welfare Benefits, plan 501 (829 participants)
Broker compensation
$143K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability829$439K$66K
Cigna Health and Life Insurance Company and AffiliatesDental543$239K$11K
Metropolitan Life Insurance CompanyHospital, Accident, Critical Illness475$102K$45K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision770$56K$5K
LegaleaseLegal118$25K$16K

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 829 participants × $2,371 national average per member. Usually higher once dependents are counted.

$51K–$126K/ year

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

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$22K–$46K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$15K
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
LMG Holdings, Inc.
Sponsor EIN
27-4032655
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-4032655 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: LMG Holdings, Inc.'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 LMG Holdings, Inc..

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