Stake Center Locating, LLC

Greensboro, NC Information & technologyNAICS 517000

Self-funded health planPlan year 2024Renews May
1,282ParticipantsFirst year on file
$3.0MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#3 of 6Information & technology in NCBy participants

Overview

Stake Center Locating, LLC sponsors a self-funded health plan that covered 1,282 participants in plan year 2024. The plan year starts in May. 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
1,282
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Stake Center Locating, LLC, plan 501 (1,282 participants)
Broker compensation
$54K 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
Life Insurance Company of North AmericaLife, Short-term disability, Long-term disability1,282$555K$15K
Cigna Health and Life Insurance Company and AffiliatesDental804$348K$34K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,214$95K$4K

Pharmacy benefit estimate

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

$3.0M/ year

Estimated prescription spend: 1,282 participants × $2,371 national average per member. Usually higher once dependents are counted.

$79K–$195K/ year

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

Brands with a generic available$23K–$58K
Lower-cost therapeutic alternatives$34K–$71K
Generic pricing vs. actual cost$15K–$44K
PBM contract terms$8K–$23K
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
Stake Center Locating, LLC
Sponsor EIN
84-1377934
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 84-1377934 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Stake Center Locating 401k Plan
Type
401(k) plan
Participants
1,017

About this data

Source: Stake Center Locating, 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 Stake Center Locating, LLC.

Request a correction · Methodology