O'neill Management, LLC

North Ridgeville, OH Health careNAICS 623000

Self-funded health planPlan year 2024Renews June
609ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#77 of 89Health care in OHBy participants

Overview

O'neill Management, LLC sponsors a self-funded health plan that covered 609 participants in plan year 2024. The plan year starts in June. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
609
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
O'neill Management, LLC Employee Benefits Plan, plan 501 (609 participants)
Stop-loss carrier
Medical Mutual of Ohio
Broker compensation
$20K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance Company of AmericaDental299$146K$4K
Medical Mutual of OhioStop-loss194$134K—
Medmutual Life Insurance CompanyShort-term disability198$66K$5K
United of Omaha Life Insurance CompanyLife595$53K$11K
Medical MutualVision258$30K$702

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 609 participants × $2,371 national average per member. Usually higher once dependents are counted.

$38K–$93K/ 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 June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
O'neill Management, LLC
Sponsor EIN
34-1882697
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1882697 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
O'neill Healthcare 401(k) Plan
Type
401(k) plan
Participants
1,082

About this data

Source: O'neill Management, LLC'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 O'neill Management, LLC.

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