Oklahoma Mental Health Council

Oklahoma City, OK Health careNAICS 621420

Self-funded health planPlan year 2024Renews September
805ParticipantsFirst year on file
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#10 of 15Health care in OKBy participants

Overview

Oklahoma Mental Health Council sponsors a self-funded health plan that covered 805 participants in plan year 2024. The plan year starts in September. 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
805
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
Red Rock Behavioral Health Services, Inc. Employee Benefit Plan, plan 504 (805 participants)
Broker compensation
$136K 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
Dearborn Life Insurance CompanyLife, Short-term disability, Long-term disability661$404K$64K
Bluecross Blueshield of OklahomaDental712$330K$43K
Standard Insurance CompanyVision484$81K$29K
Communitycare HMOEmployee Assistance Program805$14K—

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 805 participants × $2,371 national average per member. Usually higher once dependents are counted.

$50K–$122K/ year

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

Brands with a generic available$15K–$36K
Lower-cost therapeutic alternatives$21K–$44K
Generic pricing vs. actual cost$9K–$27K
PBM contract terms$5K–$14K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Oklahoma Mental Health Council
Sponsor EIN
73-6111618
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 73-6111618 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Red Rock Retirement Benefits Plan
Type
401(k) plan
Participants
1,320

About this data

Source: Oklahoma Mental Health Council'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 Oklahoma Mental Health Council.

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