Sherwood Construction Co., Inc.

Wichita, KS ConstructionNAICS 237310

Self-funded health planPlan year 2024Renews May
712ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#3 of 4Construction in KSBy participants

Overview

Sherwood Construction Co., Inc. sponsors a self-funded health plan that covered 712 participants in plan year 2024. The plan year starts in May. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
712
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Sherwood Construction Co., Inc. Cafeteria Plan, plan 502 (712 participants)
Broker compensation
$106K across insured contracts
MedicalLife insuranceDentalVisionLong-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 AmericaLife, Long-term disability694$532K$94K
Vision Service PlanVision525$91K$10K
Delta Dental of KansasDental593——

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 712 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$108K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Sherwood Construction Co., Inc.
Sponsor EIN
73-1133882
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 73-1133882 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Sherwood Construction Co. Inc. Savings and Profit Sharing Plan
Type
401(k) plan
Participants
1,382

About this data

Source: Sherwood Construction Co., 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 Sherwood Construction Co., Inc..

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