Teamone Contract Services

Alpharetta, GA Finance & insuranceNAICS 524290

Self-funded health planPlan year 2024Renews March
698ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#12 of 13Finance & insurance in GABy participants

Overview

Teamone Contract Services sponsors a self-funded health plan that covered 698 participants in plan year 2024. The plan year starts in March. 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
698
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
Teamone Contract Services Employee Benefits Plan, plan 501 (698 participants)
Broker compensation
$58K 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
Hartford Life and AccidentLife, Short-term disability, Long-term disability458$300K$56K
Blue Cross Blue Shield Healthcare Plan of Georgia, Inc.Vision506$38K$2K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 698 participants × $2,371 national average per member. Usually higher once dependents are counted.

$43K–$106K/ year

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

Brands with a generic available$13K–$31K
Lower-cost therapeutic alternatives$18K–$38K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning March 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
Teamone Contract Services
Sponsor EIN
20-0059104
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-0059104 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Team One Contract Services 401(k) Plan
Type
401(k) plan
Participants
1,142

About this data

Source: Teamone Contract Services'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 Teamone Contract Services.

Request a correction · Methodology