MEL Stevenson & Associates, Inc.

Kansas City, KS Wholesale tradeNAICS 423300

Self-funded health planPlan year 2024Renews April
691ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#1 of 1Wholesale trade in KSBy participants

Overview

MEL Stevenson & Associates, Inc. sponsors a self-funded health plan that covered 691 participants in plan year 2024. The plan year starts in April. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
691
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
MEL Stevenson & Associates, Inc. Cafeteria Plan, plan 501 (691 participants)
Stop-loss carrier
Pan-American Life Insurance Company
Broker compensation
$70K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Pan-American Life Insurance CompanyStop-loss393$411K$29K
Metropolitan Life Insurance CompanyDental, Vision691$214K$12K
Standard Insurance CompanyLife576$144K$11K
United of Omaha Life Insurance CompanyLong-term disability613$130K$18K
First Stop Health - Spec Building MaterialsTelemedicine404$23K—

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 691 participants × $2,371 national average per member. Usually higher once dependents are counted.

$43K–$105K/ year

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

Brands with a generic available$12K–$31K
Lower-cost therapeutic alternatives$18K–$38K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$12K
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
MEL Stevenson & Associates, Inc.
Sponsor EIN
43-1369879
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 43-1369879 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
MEL Stevenson and Associates, Inc. 401(k) Plan
Type
401(k) plan
Participants
555

About this data

Source: MEL Stevenson & Associates, 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 MEL Stevenson & Associates, Inc..

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