Project P Holdings, LLC

Schenectady, NY RetailNAICS 445110

Self-funded health planPlan year 2025Renews January
17,697Participants+4% vs. prior year
$42.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 27Retail in NYBy participants

Overview

Project P Holdings, LLC sponsors a self-funded health plan that covered 17,697 participants in plan year 2025, up 4% 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
17,697 · prior year 17,066
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Northeast Shared Services Welfare Benefit Plan, plan 501 (17,697 participants)
Broker compensation
$113K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln Life & Annuity Company of New YorkLife, Long-term disability8,527$3.6M$110K
Lincoln Life &annuity Company of New YorkShort-term disability1,083$105K$3K

Pharmacy benefit estimate

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

$42.0M/ year

Estimated prescription spend: 17,697 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.1M–$2.7M/ year

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

Brands with a generic available$319K–$797K
Lower-cost therapeutic alternatives$466K–$973K
Generic pricing vs. actual cost$201K–$604K
PBM contract terms$105K–$315K
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
Project P Holdings, LLC
Sponsor EIN
87-1960809
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 87-1960809 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Project P Holdings, 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 Project P Holdings, LLC.

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