MBS Asset Management LLC
Overview
MBS Asset Management LLC sponsors a self-funded health plan that covered 1,093 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
- 1,093 · prior year 1,093
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- MBS Asset Management, LLC Welfare Benefit Plan, plan 501 (1,093 participants)
- Stop-loss carrier
- Anthem Blue Cross Life and Health Insurance Company
- Broker compensation
- $403K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| CVS Pharmacy, Inc. | Prescription drug | 1,090 | $3.3M | — |
| Guardian | Dental, Vision, Life, Short-term disability, Long-term disability | 514 | $1.3M | $199K |
| Anthem Blue Cross Life and Health Insurance Company | Stop-loss | 1,090 | $1.1M | $204K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,093 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- MBS Asset Management LLC
- Sponsor EIN
- 27-5242020
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 27-5242020 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- MBS Asset Management, LLC 401(k) Plan
- Type
- 401(k) plan
- Participants
- 757
About this data
Source: MBS Asset Management 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 MBS Asset Management LLC.