The Carlstar Group, LLC

Franklin, TN ManufacturingNAICS 336210

Self-funded health planPlan year 2024Renews January
997ParticipantsFirst year on file
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#26 of 54Manufacturing in TNBy participants

Overview

The Carlstar Group, LLC sponsors a self-funded health plan that covered 997 participants in plan year 2024. The plan year starts in January. 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
997
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Carlstar Group, LLC Flexible Benefits Plan, plan 501 (997 participants)
Broker compensation
$50K 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
Express Scripts Inc.Prescription drug1,262$2.6M—
Standard Insurance CompanyLong-term disability, Life856$617K$14K
Reliastar Life Insurance CompanyAccident VOL EE, Critical Illness Ee/dep392$150K$33K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,159$81K$2K
Arag Insurance CompanyLegal142$15K$782
Starr Indemnity & Liability CompanyBusiness Travel Accident856——

Pharmacy benefit estimate

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

$2.4M/ year

Estimated prescription spend: 997 participants × $2,371 national average per member. Usually higher once dependents are counted.

$61K–$152K/ year

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

Brands with a generic available$18K–$45K
Lower-cost therapeutic alternatives$26K–$55K
Generic pricing vs. actual cost$11K–$34K
PBM contract terms$6K–$18K
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 2024
Plan sponsor
The Carlstar Group, LLC
Sponsor EIN
38-3918236
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-3918236 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Carlstar Group LLC 401(k) Plan
Type
401(k) plan
Participants
1,545

About this data

Source: The Carlstar Group, 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 Carlstar Group, LLC.

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