Strada Services Inc.

Sanford, FL ConstructionNAICS 238210

Self-funded health planPlan year 2024Renews November
2,441ParticipantsFirst year on file
$5.8MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#5 of 31Construction in FLBy participants

Overview

Strada Services Inc. sponsors a self-funded health plan that covered 2,441 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
2,441
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Strada Services Inc. Health and Welfare Plan, plan 501 (2,441 participants)
Broker compensation
$137K 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
United Healthcare Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability2,253$1.2M$137K

Pharmacy benefit estimate

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

$5.8M/ year

Estimated prescription spend: 2,441 participants × $2,371 national average per member. Usually higher once dependents are counted.

$150K–$371K/ year

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

Brands with a generic available$44K–$110K
Lower-cost therapeutic alternatives$64K–$134K
Generic pricing vs. actual cost$28K–$83K
PBM contract terms$14K–$43K
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
Strada Services Inc.
Sponsor EIN
56-2348727
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-2348727 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Strada Services, LLC 401(k) Retirement Plan
Type
401(k) plan
Participants
1,414

About this data

Source: Strada Services 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 Strada Services Inc..

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