Premium Velocity Auto LLC
Overview
Premium Velocity Auto LLC sponsors a self-funded health plan that covered 2,344 participants in plan year 2025, down 13% from the prior year. 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
- 2,344 · prior year 2,685
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Premium Velocity Auto LLC Benefits Plan, plan 501 (2,344 participants)
- Stop-loss carrier
- Berlley Life
- Broker compensation
- $165K 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 |
|---|---|---|---|---|
| United Healthcare Ins Co. | Medical | 515 | $1.7M | $82K |
| Unum Life Insurance Company of America | Grpup Accident, Life, Lifestyle AD&D, Lifestyle Life, Select STD, Select Ltd | 1,355 | $270K | $83K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,344 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
- Premium Velocity Auto LLC
- Sponsor EIN
- 83-3555551
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 83-3555551 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Premium Velocity Auto, LLC Retirement Plan
- Type
- 401(k) plan
- Participants
- 2,319
About this data
Source: Premium Velocity Auto 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 Premium Velocity Auto LLC.