Safford Automotive Group

Fredericksburg, VA RetailNAICS 441110

Self-funded health planPlan year 2025Renews March
1,307Participants-8% vs. prior year
$3.1MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#7 of 12Retail in VABy participants

Overview

Safford Automotive Group sponsors a self-funded health plan that covered 1,307 participants in plan year 2025, down 8% from the prior year. The plan year starts in March. Alongside medical, its benefits filing reports life insurance, short-term disability, long-term disability, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,307 · prior year 1,418
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
Safford Automotive Welfare Benefit Plan, plan 501 (1,307 participants)
Broker compensation
$133K across insured contracts
MedicalLife insuranceShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Short-term disability, Long-term disability1,257$679K$127K

Pharmacy benefit estimate

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

$3.1M/ year

Estimated prescription spend: 1,307 participants × $2,371 national average per member. Usually higher once dependents are counted.

$81K–$199K/ year

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

Brands with a generic available$24K–$59K
Lower-cost therapeutic alternatives$34K–$72K
Generic pricing vs. actual cost$15K–$45K
PBM contract terms$8K–$23K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning March 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
Safford Automotive Group
Sponsor EIN
26-0016920
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-0016920 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Safford Automotive Group 401(k) Plan
Type
401(k) plan
Participants
1,710

About this data

Source: Safford Automotive Group'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 Safford Automotive Group.

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