LRS Holdings, LLC

Rosemont, IL ConstructionNAICS 238210

Self-funded health planPlan year 2025Renews May

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840Participants-47% vs. prior year

$2.0MEst. pharmacy spend / yrParticipants × national avg.

May 2027Next renewalPlan year begins May 1

#6 of 9Construction in ILBy participants

Overview

LRS Holdings, LLC sponsors a self-funded health plan that covered 840 participants in plan year 2025, down 47% from the prior year. The plan year starts in May. 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: 840 · prior year 1,582
Plan year: Begins May 1 · next renewal May 2027
Health plans filed: LRS Holdings, LLC Group Benefits Plan, plan 501 (840 participants)
Broker compensation: $270K 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.

Carrier	Coverage	Covered	Premium	Broker comp
Metropolitan Life Insurance Company	Dental, Vision, Life, Short-term disability, Long-term disability	1,726	$2.0M	$264K
Metropolitan General Insurance Company	Legal	190	$43K	$6K

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 840 participants × $2,371 national average per member. Usually higher once dependents are counted.

$52K–$128K/ year

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

Brands with a generic available$15K–$38K

Lower-cost therapeutic alternatives$22K–$46K

Generic pricing vs. actual cost$10K–$29K

PBM contract terms$5K–$15K

The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 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: LRS Holdings, LLC
Sponsor EIN: 80-0865048
Plan number: 501
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 80-0865048 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: LRS Holdings, 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 LRS Holdings, LLC.

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