Skanska USA Building, Inc.

Parsippany, NJ ConstructionNAICS 236200

Self-funded health planPlan year 2025Renews January
2,507Participants+0% vs. prior year
$5.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 8Construction in NJBy participants

Overview

Skanska USA Building, Inc. sponsors a self-funded health plan that covered 2,507 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,507 · prior year 2,498
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Skanska USA Building, Inc. Employee Benefits Plan, plan 515 (2,507 participants)
Stop-loss carrier
Symetra Life Insurance Company
Broker compensation
$869K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLong-term disability, AD&D, Life, Supplemental AD&D2,423$3.4M$546K
Symetra Life Insurance CompanyStop-loss2,044$1.4M$271K
Vision Service PlanVision1,813$351K$11K
Provident Life and Casualty Insurance CompanyAccident, Critical Illness333$156K$41K
Carebridge CorporationEAP3,108$49K—

Pharmacy benefit estimate

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

$5.9M/ year

Estimated prescription spend: 2,507 participants × $2,371 national average per member. Usually higher once dependents are counted.

$155K–$381K/ year

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

Brands with a generic available$45K–$113K
Lower-cost therapeutic alternatives$66K–$138K
Generic pricing vs. actual cost$29K–$86K
PBM contract terms$15K–$45K
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
Skanska USA Building, Inc.
Sponsor EIN
22-3752540
Plan number
515
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-3752540 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Skanska USA Building, Inc.'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 Skanska USA Building, Inc..

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