The BMS Enterprises, LLC
Overview
The BMS Enterprises, LLC sponsors a self-funded health plan that covered 1,034 participants in plan year 2024. The plan year starts in May. 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
- 1,034
- Plan year
- Begins May 1 · next renewal May 2027
- Health plans filed
- BMS Enterprises Employee Benefits Plan, plan 506 (1,034 participants)
- Broker compensation
- $7K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Life Insurance Company of North America | Life, Short-term disability, Long-term disability | 1,010 | $469K | $7K |
| Cigna Health and Life Insurance Company and Affiliates | Dental | 725 | $248K | — |
| Eyemed Vision Care on Behalf of the Fidelity Security Life Ins Co. | Vision | 999 | $53K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,034 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- The BMS Enterprises, LLC
- Sponsor EIN
- 75-1463179
- Plan number
- 506
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 75-1463179 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- The BMS Enterprises 401(k) Plan
- Type
- 401(k) plan
- Participants
- 1,105
About this data
Source: The BMS Enterprises, LLC'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 The BMS Enterprises, LLC.