Servicenet, Inc.

Northampton, MA Health careNAICS 623000

Self-funded health planPlan year 2024Renews July
1,059ParticipantsFirst year on file
$2.5MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#26 of 40Health care in MABy participants

Overview

Servicenet, Inc. sponsors a self-funded health plan that covered 1,059 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, long-term disability, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,059
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Flexible Benefits Plan for Servicenet, Inc., plan 501 (1,059 participants)
Broker compensation
$9K across insured contracts
MedicalLife insuranceLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Long-term disability1,059$211K$9K

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,059 participants × $2,371 national average per member. Usually higher once dependents are counted.

$65K–$161K/ year

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

Brands with a generic available$19K–$48K
Lower-cost therapeutic alternatives$28K–$58K
Generic pricing vs. actual cost$12K–$36K
PBM contract terms$6K–$19K
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
Servicenet, Inc.
Sponsor EIN
04-2526194
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2526194 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Servicenet Employee Retirement Plan
Type
401(k) plan
Participants
2,452

About this data

Source: Servicenet, 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 Servicenet, Inc..

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