Suntec Concrete, Inc.

Phoenix, AZ ConstructionNAICS 238100

Self-funded health planPlan year 2025Renews January
2,207Participants+3% vs. prior year
$5.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 14Construction in AZBy participants

Overview

Suntec Concrete, Inc. sponsors a self-funded health plan that covered 2,207 participants in plan year 2025, up 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,207 · prior year 2,147
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Suntec Concrete, Inc. Welfare Benefits Plan, plan 501 (2,207 participants)
Broker compensation
$290K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyVision, Life, Short-term disability1,901$888K$125K
Arag Insurance CompanyLegal528$62K$9K
Shelterpoint Life Insurance CompanyPfml118$54K$6K

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 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
Suntec Concrete, Inc.
Sponsor EIN
86-0864047
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 86-0864047 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Suntec Concrete, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
2,246

About this data

Source: Suntec Concrete, 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 Suntec Concrete, Inc..

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