SR Companies, LLC

Tallahassee, FL Other servicesNAICS 812190

Self-funded health planPlan year 2024Renews November
1,813ParticipantsFirst year on file
$4.3MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#8 of 18Other services in FLBy participants

Overview

SR Companies, LLC sponsors a self-funded health plan that covered 1,813 participants in plan year 2024. The plan year starts in November. 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
1,813
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
SR Companies, LLC Benefit Plan, plan 502 (1,813 participants)
Broker compensation
$71K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
UnitedHealthcare Insurance CompanyLife, Short-term disability69$428K$47K
UnitedHealthcare Insured Dental/vision-United HealthDental, Vision433$237K$24K

Pharmacy benefit estimate

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

$4.3M/ year

Estimated prescription spend: 1,813 participants × $2,371 national average per member. Usually higher once dependents are counted.

$112K–$276K/ year

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

Brands with a generic available$33K–$82K
Lower-cost therapeutic alternatives$48K–$100K
Generic pricing vs. actual cost$21K–$62K
PBM contract terms$11K–$32K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 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
SR Companies, LLC
Sponsor EIN
87-3905767
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 87-3905767 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: SR Companies, LLC'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 SR Companies, LLC.

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