Norm Reeves, Inc.

Newport Beach, CA RetailNAICS 441110

Self-funded health planPlan year 2025Renews February
1,654Participants+13% vs. prior year
$3.9MEst. pharmacy spend / yrParticipants × national avg.
Feb 2027Next renewalPlan year begins February 1
#7 of 20Retail in CABy participants

Overview

Norm Reeves, Inc. sponsors a self-funded health plan that covered 1,654 participants in plan year 2025, up 13% from the prior year. The plan year starts in February. 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
1,654 · prior year 1,459
Plan year
Begins February 1 · next renewal February 2027
Health plans filed
The Car Group Flexible Benefits Plan, plan 502 (1,654 participants)
Broker compensation
$103K 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
Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability1,654$728K$91K
Cigna Health and Life Insurance Company and AffiliatesDental, Vision1,779$122K$13K

Pharmacy benefit estimate

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

$3.9M/ year

Estimated prescription spend: 1,654 participants × $2,371 national average per member. Usually higher once dependents are counted.

$102K–$251K/ year

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

Brands with a generic available$30K–$75K
Lower-cost therapeutic alternatives$44K–$91K
Generic pricing vs. actual cost$19K–$56K
PBM contract terms$10K–$29K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning February 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
Norm Reeves, Inc.
Sponsor EIN
95-2276602
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-2276602 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Norm Reeves, 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 Norm Reeves, Inc..

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