Metro Aviation, Inc.

Shreveport, LA Other servicesNAICS 811310

Self-funded health planPlan year 2024Renews September
826ParticipantsFirst year on file
$2.0MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#1 of 2Other services in LABy participants

Overview

Metro Aviation, Inc. sponsors a self-funded health plan that covered 826 participants in plan year 2024. The plan year starts in September. 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
826
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Metro Aviation, Inc. Employee Benefit Plan and Trust, plan 501 (826 participants)
Stop-loss carrier
Phoenix Excess Risk
Broker compensation
$256K 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
CignaDental, Vision, Life, Short-term disability, Long-term disability, PPO826$3.0M$62K
Phoenix Excess RiskMedical, Prescription drug, Stop-loss826$1.8M$194K
Medical HelplinePre-Certification826$27K—
Access HealthHealth Clinics826$4K—

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 826 participants × $2,371 national average per member. Usually higher once dependents are counted.

$51K–$126K/ year

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

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$22K–$45K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$15K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Metro Aviation, Inc.
Sponsor EIN
72-0931049
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 72-0931049 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Metro Aviation, Inc. Employees' Deferred Saving and Retirement Plan
Type
401(k) plan
Participants
1,478

About this data

Source: Metro Aviation, 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 Metro Aviation, Inc..

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