Prestige Administrative Services LLC

Louisville, KY Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
5,407Participants0% vs. prior year
$12.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 33Health care in KYBy participants

Overview

Prestige Administrative Services LLC sponsors a self-funded health plan that covered 5,407 participants in plan year 2025, about the same as 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
5,407 · prior year 5,407
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Prestige Administrative Services LLC Employee Benefit Plan, plan 501 (5,407 participants)
Broker compensation
$246K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Delta Dental of KentuckyDental6,209$1.9M$175K
Metropolitan Life Insurance CompanyLife, Vision5,759$379K$48K
Hartford Life and AccidentLong-term disability194$121K$23K

Pharmacy benefit estimate

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

$12.8M/ year

Estimated prescription spend: 5,407 participants × $2,371 national average per member. Usually higher once dependents are counted.

$333K–$822K/ year

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

Brands with a generic available$97K–$244K
Lower-cost therapeutic alternatives$142K–$297K
Generic pricing vs. actual cost$62K–$185K
PBM contract terms$32K–$96K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Prestige Administrative Services LLC
Sponsor EIN
81-0784695
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 81-0784695 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Prestige Administrative Services 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 Prestige Administrative Services LLC.

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