Markel Service, Inc.

Glen Allen, VA Finance & insuranceNAICS 524150

Self-funded health planPlan year 2025Renews January
3,707Participants+1% vs. prior year
$8.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 12Finance & insurance in VABy participants

Overview

Markel Service, Inc. sponsors a self-funded health plan that covered 3,707 participants in plan year 2025, about the same as 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
3,707 · prior year 3,685
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Markel Service, Inc. Personal Choice Benefits Plan, plan 504 (3,707 participants)
Stop-loss carrier
Anthem Health Plans of Virginia DBA Anthem Bcbs (g1605)
Broker compensation
$316K 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
Hartford Life and AccidentLife, Long-term disability, Accidental Death and Dismemberment3,477$3.0M$102K
Anthem Health Plans of Virginia DBA Anthem Bcbs (g1605)Stop-loss5,816$2.3M—
Reliastar Life Insurance CompanyAccident Voluntary Employee, Critical Il1,512$562K$169K
Kaiser Foundation Health Plan, Inc.Medical34$402K$16K
Vision Service PlanVision2,614$375K—
Prudential Insurance Company of AmericaLong Term Care128$333K—
Arag Insurance CompanyLegal884$114K$21K
Delta Dental of VirginiaDental5,869——

Pharmacy benefit estimate

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

$8.8M/ year

Estimated prescription spend: 3,707 participants × $2,371 national average per member. Usually higher once dependents are counted.

$229K–$563K/ year

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

Brands with a generic available$67K–$167K
Lower-cost therapeutic alternatives$98K–$204K
Generic pricing vs. actual cost$42K–$127K
PBM contract terms$22K–$66K
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
Markel Service, Inc.
Sponsor EIN
54-1127130
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-1127130 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Markel Service, 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 Markel Service, Inc..

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