Ridgeway Plumbing, Inc.

Boynton Beach, FL ConstructionNAICS 238220

Self-funded health planPlan year 2024Renews July
500ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#31 of 31Construction in FLBy participants

Overview

Ridgeway Plumbing, Inc. sponsors a self-funded health plan that covered 500 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
500
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Ridgeway Plumbing, Inc. Employee Benefits Plan, plan 502 (500 participants)
Broker compensation
$65K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance Company of AmericaDental, Vision, Life, Short-term disability475$354K$65K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 500 participants × $2,371 national average per member. Usually higher once dependents are counted.

$31K–$76K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$13K–$28K
Generic pricing vs. actual cost$6K–$17K
PBM contract terms$3K–$9K
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
Ridgeway Plumbing, Inc.
Sponsor EIN
59-0894932
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 59-0894932 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ridgeway Plumbing, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
712

About this data

Source: Ridgeway Plumbing, 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 Ridgeway Plumbing, Inc..

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