Sheppard, Mullin, Richter & Hampton, LLP

Los Angeles, CA Professional servicesNAICS 541110

Self-funded health planPlan year 2025Renews January
1,938Participants+4% vs. prior year
$4.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 34Professional services in CABy participants

Overview

Sheppard, Mullin, Richter & Hampton, LLP sponsors a self-funded health plan that covered 1,938 participants in plan year 2025, up 4% 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
1,938 · prior year 1,868
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Sheppard, Mullin, Richter & Hampton, LLP Health & Welfare Plan, plan 503 (1,938 participants)
Stop-loss carrier
Unimerica Life Insurance Company
Broker compensation
$588K 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
Unimerica Life Insurance CompanyMedical, Stop-loss1,628$3.2M$184K
Unum Life Insurance Company of AmericaLife, Long-term disability1,911$2.7M$226K
Provident Life and Accident Insurance CompanyIndividual Disability121$840K$170K
Federal Insurance CompanyAccidental Death & Dismemberment1,938$21K$5K

Pharmacy benefit estimate

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

$4.6M/ year

Estimated prescription spend: 1,938 participants × $2,371 national average per member. Usually higher once dependents are counted.

$119K–$295K/ year

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

Brands with a generic available$35K–$87K
Lower-cost therapeutic alternatives$51K–$107K
Generic pricing vs. actual cost$22K–$66K
PBM contract terms$11K–$34K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 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
Sheppard, Mullin, Richter & Hampton, LLP
Sponsor EIN
95-1463164
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-1463164 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Sheppard, Mullin, Richter & Hampton LLP Retirement and Savings Plan
Type
401(k) plan
Participants
2,587

About this data

Source: Sheppard, Mullin, Richter & Hampton, LLP'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 Sheppard, Mullin, Richter & Hampton, LLP.

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