Structural Group, Inc.

Columbia, MD ConstructionNAICS 238900

Self-funded health planPlan year 2024Renews June
2,207ParticipantsFirst year on file
$5.2MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#3 of 10Construction in MDBy participants

Overview

Structural Group, Inc. sponsors a self-funded health plan that covered 2,207 participants in plan year 2024. The plan year starts in June. 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
2,207
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Structural Group, Inc. Health & Welfare Benefits Plan, plan 511 (2,207 participants)
Broker compensation
$372K 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
Metropolitan Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability, PPO, Accident, Hospital Indemnity3,112$3.2M$372K
Health Advocate Solutions, Inc.Employee Assistance Program3,239$47K—

Pharmacy benefit estimate

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

$5.2M/ year

Estimated prescription spend: 2,207 participants × $2,371 national average per member. Usually higher once dependents are counted.

$136K–$335K/ year

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

Brands with a generic available$40K–$99K
Lower-cost therapeutic alternatives$58K–$121K
Generic pricing vs. actual cost$25K–$75K
PBM contract terms$13K–$39K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Structural Group, Inc.
Sponsor EIN
52-1071818
Plan number
511
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-1071818 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Structural Group, Inc. 401(k) Savings Plan and Trust
Type
401(k) plan
Participants
2,886

About this data

Source: Structural Group, 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 Structural Group, Inc..

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