Real Alloy Recycling, LLC

Beachwood, OH Business servicesNAICS 562000

Self-funded health planPlan year 2025Renews January
918Participants-3% vs. prior year
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 13Business services in OHBy participants

Overview

Real Alloy Recycling, LLC sponsors a self-funded health plan that covered 918 participants in plan year 2025, down 3% 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
918 · prior year 947
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Real Alloy Recycling, LLC Health and Welfare Benefits Plan, plan 501 (918 participants)
Broker compensation
$149K 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
Standard Insurance CompanyLife, Long-term disability899$661K$149K
Vision Service PlanVision736$159K—

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 918 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$140K/ year

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

Brands with a generic available$17K–$41K
Lower-cost therapeutic alternatives$24K–$50K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
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
Real Alloy Recycling, LLC
Sponsor EIN
82-5404934
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 82-5404934 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Real Alloy Recycling 401(k) Plan
Type
401(k) plan
Participants
890

About this data

Source: Real Alloy Recycling, 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 Real Alloy Recycling, LLC.

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