Motivate LLC

New York, NY Transportation & logisticsNAICS 488990

Self-funded health planPlan year 2025Renews January
886Participants-29% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 8Transportation & logistics in NYBy participants

Overview

Motivate LLC sponsors a self-funded health plan that covered 886 participants in plan year 2025, down 29% from 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
886 · prior year 1,255
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Motivate LLC Health and Welfare Plan, plan 501 (886 participants)
Broker compensation
$45K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance Company and AffiliatesDental, Vision548$985K$12K
Mutual of Omaha Insurance CompanyLife, Short-term disability, Long-term disability888$182K$19K
Companion Life Insurance CompanyLife886$75K$14K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 886 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$135K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$23K–$49K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
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
Motivate LLC
Sponsor EIN
35-2632871
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-2632871 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Motivate, LLC 401(k) Plan
Type
401(k) plan
Participants
1,588

About this data

Source: Motivate 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 Motivate LLC.

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