Modern Builders Supply, Inc.

Boardman, OH Wholesale tradeNAICS 423300

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
607Participants0% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#22 of 29Wholesale trade in OHBy participants

Overview

Modern Builders Supply, Inc. sponsors a self-funded health plan that covered 607 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
607 · prior year 607
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Modern Builders Supply, Inc. Comprehensive Welfare Benefit Plan, plan 501 (607 participants)
Broker compensation
$18K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyLife, Short-term disability615$93K$18K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 607 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$92K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
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
Modern Builders Supply, Inc.
Sponsor EIN
34-1236290
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1236290 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Modern Builders Supply, Inc. Employees' 401(k) and Profit Sharing Plan
Type
401(k) plan
Participants
726

About this data

Source: Modern Builders Supply, Inc.'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 Modern Builders Supply, Inc..

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