Taft Stettinius & Hollister LLP

Cincinnati, OH Professional servicesNAICS 541110

Self-funded health planPlan year 2024Renews June
1,765ParticipantsFirst year on file
$4.2MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#11 of 44Professional services in OHBy participants

Overview

Taft Stettinius & Hollister LLP sponsors a self-funded health plan that covered 1,765 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
1,765
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Taft Stettinius & Hollister LLP Health and Welfare Benefits Plan, plan 510 (1,765 participants)
Broker compensation
$753K 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
Standard Insurance CompanyLong-term disability, Life1,492$4.3M$588K
Delta Dental of OhioDental2,891$1.1M$21K
The Guardian Life Insurance Company of AmericaAccident, Critical Illness, Hospital Ind369$248K$96K
Companion LifeSpecific & Aggregate Stop Loss139$197K$7K
Fidelity Security Life Insurance CompanyVision2,414$151K$16K
The Paul Revere Life Insurance CompanyLong-term disability26$32K$1K

Pharmacy benefit estimate

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

$4.2M/ year

Estimated prescription spend: 1,765 participants × $2,371 national average per member. Usually higher once dependents are counted.

$109K–$268K/ year

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

Brands with a generic available$32K–$80K
Lower-cost therapeutic alternatives$46K–$97K
Generic pricing vs. actual cost$20K–$60K
PBM contract terms$10K–$31K
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
Taft Stettinius & Hollister LLP
Sponsor EIN
31-0541755
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-0541755 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Taft Stettinius & Hollister LLP Thrift Savings & Retirement Plan
Type
401(k) plan
Participants
1,854

About this data

Source: Taft Stettinius & Hollister LLP'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 Taft Stettinius & Hollister LLP.

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