Rivervalley Consulting Services

Owensboro, KY Health careNAICS 621420

Self-funded health planPlan year 2024Renews July
558ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#30 of 33Health care in KYBy participants

Overview

Rivervalley Consulting Services sponsors a self-funded health plan that covered 558 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
558
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Rivervalley Consulting Services Welfare Benefit Plan, plan 510 (558 participants)
Broker compensation
$64K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-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 AmericaVision, Life, Short-term disability, Long-term disability515$313K$46K
Health ResourcesDental567$148K$18K
Human Development Company, Inc.Employee Assistance Program515$14K—

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 558 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$85K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$31K
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 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
Rivervalley Consulting Services
Sponsor EIN
61-1354311
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 61-1354311 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Rivervalley Consulting Services'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 Rivervalley Consulting Services.

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