Mhky Management Services, LLC

Masonic Home, KY Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
565ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#29 of 33Health care in KYBy participants

Overview

Mhky Management Services, LLC sponsors a self-funded health plan that covered 565 participants in plan year 2025. 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
565
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Mhky Management Services, LLC Group Medical Plans, plan 501 (565 participants)
Broker compensation
$21K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife, Short-term disability, Long-term disability410$120K$16K
Delta Dental of KentuckyDental321$81K$3K
Anthem Health Plans of KY, Inc.Vision272$22K$2K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 565 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$86K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$31K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Mhky Management Services, LLC
Sponsor EIN
99-1685481
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 99-1685481 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Masonic Homes KY Retirement Savings Plan
Type
401(k) plan
Participants
569

About this data

Source: Mhky Management Services, 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 Mhky Management Services, LLC.

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