Preferred Apartment Advisors, LLC
Overview
Preferred Apartment Advisors, LLC sponsors a self-funded health plan that covered 608 participants in plan year 2025. The plan year starts in January. 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
- 608
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Preferred Apartment Advisors, LLC Employee Benefits Plan, plan 503 (608 participants); Preferred Apartment Advisors, LLC Group Benefit Plan, plan 505 (0 participants)
- Broker compensation
- $42K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Dental, Vision | 431 | $418K | $25K |
| Unum Life Insurance Company of America | Life, Long-term disability | 526 | $100K | $8K |
| Unum Insurance Company | Accident, Critical Illness, Hospital | 205 | $32K | $8K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 608 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Preferred Apartment Advisors, LLC
- Sponsor EIN
- 27-2609991
- Plan numbers
- 503, 505
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 27-2609991 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Preferred Apartment Advisors, LLC's Form 5500 filing for plan year 2025 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 Preferred Apartment Advisors, LLC.