Rex Lumber, LLC

Graceville, FL AgricultureNAICS 113110

Self-funded health planPlan year 2024Renews July
718ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#2 of 4Agriculture in FLBy participants

Overview

Rex Lumber, LLC sponsors a self-funded health plan that covered 718 participants in plan year 2024. The plan year starts in July. 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
718
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Rex Lumber, LLC Health and Welfare Plan, plan 503 (718 participants)
Broker compensation
$91K 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
UnitedHealthcare Insurance CompanyLife, Short-term disability, Long-term disability1,036$525K$53K
Ameritas Life Insurance Corp.Dental, Vision1,201$289K$39K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 718 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$109K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Rex Lumber, LLC
Sponsor EIN
61-1870518
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 61-1870518 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Rex Lumber 401(k) and P/s Plan
Type
401(k) plan
Participants
699

About this data

Source: Rex Lumber, 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 Rex Lumber, LLC.

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