Massey Services, Inc.

Orlando, FL Business servicesNAICS 561710

Self-funded health planPlan year 2024Renews April
2,600ParticipantsFirst year on file
$6.2MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#5 of 18Business services in FLBy participants

Overview

Massey Services, Inc. sponsors a self-funded health plan that covered 2,600 participants in plan year 2024. The plan year starts in April. 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
2,600
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Massey Services, Inc. Health and Welfare Plan, plan 506 (2,600 participants)
Broker compensation
$371K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental, Life, Short-term disability, Long-term disability4,228$2.1M$262K
Continental American Insurance CompanyAccident, Critical Illness558$274K$68K
Vision Service PlanVision1,906$206K$20K
Safeguard Health Plans Inc. a Florida CorporationDental, HMO971$169K$21K
New Directions Behavioral HealthEmployee Assistance Program2,827$45K—
Safeguard Health Plans, Inc., a Texas CorporationDental, HMO133$22K—

Pharmacy benefit estimate

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

$6.2M/ year

Estimated prescription spend: 2,600 participants × $2,371 national average per member. Usually higher once dependents are counted.

$160K–$395K/ year

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

Brands with a generic available$47K–$117K
Lower-cost therapeutic alternatives$68K–$143K
Generic pricing vs. actual cost$30K–$89K
PBM contract terms$15K–$46K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Massey Services, Inc.
Sponsor EIN
59-2557150
Plan number
506
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 59-2557150 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Massey Services, Inc.'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 Massey Services, Inc..

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