Richard Design Services, Inc.
Overview
Richard Design Services, Inc. sponsors a self-funded health plan that covered 558 participants in plan year 2024. The plan year starts in May. 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
- 558
- Plan year
- Begins May 1 · next renewal May 2027
- Health plans filed
- Richard Design Services, Inc. Wrap Plan, plan 502 (558 participants)
- Broker compensation
- $149K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Sun Life Assurance Company of Canada | Short-term disability, Long-term disability, Life | 551 | $1.1M | $74K |
| The Guardian Life Insurance Company | Life, Short-term disability, Long-term disability | 713 | $447K | $66K |
| Dearborn Life Insurance Company | Vision | 298 | $73K | $7K |
| U.S.a. Legal Services, Inc. | Legal Benefit | 151 | $17K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 558 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Richard Design Services, Inc.
- Sponsor EIN
- 20-2036476
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 20-2036476 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Richard Design Services, Inc. - Full-Time Regular 401(k) Plan
- Type
- 401(k) plan
- Participants
- 796
About this data
Source: Richard Design Services, Inc.'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 Richard Design Services, Inc..