Pohanka Oldsmobile GMC Truck Inc.

Capitol Heights, MD RetailNAICS 441110

Self-funded health planPlan year 2024Renews June
996ParticipantsFirst year on file
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#6 of 7Retail in MDBy participants

Overview

Pohanka Oldsmobile GMC Truck Inc. sponsors a self-funded health plan that covered 996 participants in plan year 2024. The plan year starts in June. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
996
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Pohanka Oldsmobile GMC Truck Inc. Healthcare Plan, plan 501 (996 participants)
Broker compensation
$7K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Long-term disability1,573$563K$7K
EyemedVision868$157K—

Pharmacy benefit estimate

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

$2.4M/ year

Estimated prescription spend: 996 participants × $2,371 national average per member. Usually higher once dependents are counted.

$61K–$151K/ year

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

Brands with a generic available$18K–$45K
Lower-cost therapeutic alternatives$26K–$55K
Generic pricing vs. actual cost$11K–$34K
PBM contract terms$6K–$18K
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
Pohanka Oldsmobile GMC Truck Inc.
Sponsor EIN
52-1243089
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-1243089 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Pohanka Oldsmobile GMC 401(k) Plan
Type
401(k) plan
Participants
233

About this data

Source: Pohanka Oldsmobile GMC Truck 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 Pohanka Oldsmobile GMC Truck Inc..

Request a correction · Methodology