RAG & Bone Industries, LLC

New York, NY RetailNAICS 448140

Self-funded health planPlan year 2024Renews November
547ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#25 of 27Retail in NYBy participants

Overview

RAG & Bone Industries, LLC sponsors a self-funded health plan that covered 547 participants in plan year 2024. The plan year starts in November. 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
547
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
RAG & Bone Employee Benefit Plan, plan 501 (547 participants)
Broker compensation
$68K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance CompanyDental, Vision329$254K$27K
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability547$239K$42K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 547 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$83K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$14K–$30K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
RAG & Bone Industries, LLC
Sponsor EIN
20-5466654
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-5466654 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
RAG & Bone Industries, LLC 401(k) Plan
Type
401(k) plan
Participants
739

About this data

Source: RAG & Bone Industries, LLC'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 RAG & Bone Industries, LLC.

Request a correction · Methodology