SBM Management Services, LP
Overview
SBM Management Services, LP sponsors a self-funded health plan that covered 853 participants in plan year 2025, up 12% from the prior year. The plan year starts in January. 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
- 853 · prior year 759
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- SBM Management Services, LP Texas Injury Benefit Plan, plan 505 (853 participants)
- Broker compensation
- $348K 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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Michigan | Medical, Prescription drug, Dental, Vision, PPO | 651 | $6.0M | $124K |
| Kaiser Foundation Health Plan, Inc. | Medical, Prescription drug, HMO | 253 | $1.9M | $55K |
| Prudential Insurance Company of America | Life, Short-term disability, Long-term disability | 367 | $717K | $114K |
| Unum Life Insurance Company of America | Life | 5,517 | $332K | $27K |
| Kaiser Foundation Health Plan of the Northwest | Medical, Prescription drug, HMO | 56 | $309K | $7K |
| United Behavioral Health DBA Optum | Employee Assistance Program | 12,074 | $144K | — |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co. | Vision | 1,770 | $142K | $8K |
| Provident Life and Accident Insurance Company | Life, Short-term disability | 107 | $56K | $3K |
| Metropolitan General Insurance Company | Legal | 229 | $52K | $6K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 853 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 2025
- Plan sponsor
- SBM Management Services, LP
- Sponsor EIN
- 26-1375586
- Plan number
- 505
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 26-1375586 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- SBM Management Services, LP 401(k) Savings Plan
- Type
- 401(k) plan
- Participants
- 7,415
About this data
Source: SBM Management Services, LP'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 SBM Management Services, LP.