Pennoni Associates Inc.

Philadelphia, PA Professional servicesNAICS 541330

Self-funded health planPlan year 2024Renews April
1,168ParticipantsFirst year on file
$2.8MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#21 of 37Professional services in PABy participants

Overview

Pennoni Associates Inc. sponsors a self-funded health plan that covered 1,168 participants in plan year 2024. The plan year starts in April. 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
1,168
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Pennoni Associates Inc. Employee Welfare Benefit Plan, plan 501 (1,168 participants)
Broker compensation
$231K 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
Sun Life Assurance Company of CanadaAccident & Critical Illness, Life, Long-term disability1,152$1.0M$180K
Delta Dental of PennsylvaniaDental1,795$801K$37K
Vision Service PlanVision792$141K$14K

Pharmacy benefit estimate

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

$2.8M/ year

Estimated prescription spend: 1,168 participants × $2,371 national average per member. Usually higher once dependents are counted.

$72K–$178K/ year

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

Brands with a generic available$21K–$53K
Lower-cost therapeutic alternatives$31K–$64K
Generic pricing vs. actual cost$13K–$40K
PBM contract terms$7K–$21K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Pennoni Associates Inc.
Sponsor EIN
23-1683429
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-1683429 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Pennoni Associates Inc. 401(k)/profit Sharing Plan
Type
401(k) plan
Participants
1,842

About this data

Source: Pennoni Associates Inc.'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 Pennoni Associates Inc..

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