The Mcguire Group Inc.

Buffalo, NY Business servicesNAICS 561210

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained

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625Participants+4% vs. prior year

$1.5MEst. pharmacy spend / yrParticipants × national avg.

Jan 2027Next renewalPlan year begins January 1

#9 of 9Business services in NYBy participants

Overview

The Mcguire Group Inc. sponsors a self-funded health plan that covered 625 participants in plan year 2025, up 4% from the prior year. 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: 625 · prior year 602
Plan year: Begins January 1 · next renewal January 2027
Health plans filed: The Mcguire Group Inc. Employee Benefits Plan, plan 502 (625 participants)
Stop-loss carrier: HM Life Insurance Company of New York

MedicalLife insuranceDentalVisionShort-term disabilityDeath benefits

Insurance carriers

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

Carrier	Coverage	Covered	Premium	Broker comp
Hartford Life and Accident	Life, Short-term disability	578	$485K	—
HM Life Insurance Company of New York	Stop-loss	623	$470K	—

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 625 participants × $2,371 national average per member. Usually higher once dependents are counted.

$39K–$95K/ year

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

Brands with a generic available$11K–$28K

Lower-cost therapeutic alternatives$16K–$34K

Generic pricing vs. actual cost$7K–$21K

PBM contract terms$4K–$11K

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: The Mcguire Group Inc.
Sponsor EIN: 16-1294882
Plan number: 502
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 16-1294882 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: The Mcguire Group 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 The Mcguire Group Inc..

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