Optimas OE Solutions Holdings, LLC

Wood Dale, IL ManufacturingNAICS 332900

Self-funded health planPlan year 2024Renews July
593ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#110 of 122Manufacturing in ILBy participants

Overview

Optimas OE Solutions Holdings, LLC sponsors a self-funded health plan that covered 593 participants in plan year 2024. The plan year starts in July. 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
593
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Optimas OE Solutions Holdings, LLC Group Benefit Plan, plan 501 (593 participants)
Broker compensation
$20K 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
Life Insurance Company of North AmericaLife, Long-term disability585$271K$7K
Aetna Life Insurance Co.Accident, Critical Illness, Hospital155$64K$13K
Vision Service PlanVision280$41K—
Starr Indemnity & Liability CompanyBusiness Travel Accident585——

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 593 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$90K/ 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–$20K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Optimas OE Solutions Holdings, LLC
Sponsor EIN
47-3249061
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-3249061 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Optimas OE Solutions, LLC Employee Savings Plan
Type
401(k) plan
Participants
757

About this data

Source: Optimas OE Solutions Holdings, 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 Optimas OE Solutions Holdings, LLC.

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