The Romine Group

Utica, MI EducationNAICS 611000

Self-funded health planPlan year 2024Renews January
1,100ParticipantsFirst year on file
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 7Education in MIBy participants

Overview

The Romine Group sponsors a self-funded health plan that covered 1,100 participants in plan year 2024. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, short-term disability, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,100
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Romine Group, plan 501 (1,100 participants)
Stop-loss carrier
Aetna Life Insurance Co.
Broker compensation
$53K across insured contracts
MedicalLife insuranceShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLong-term disability, Life, Short-term disability, Dental, Short Term Disability660$947K$44K
Aetna Life Insurance Co.Stop-loss, Vision1,100$834K$9K

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,100 participants × $2,371 national average per member. Usually higher once dependents are counted.

$68K–$167K/ year

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

Brands with a generic available$20K–$50K
Lower-cost therapeutic alternatives$29K–$61K
Generic pricing vs. actual cost$13K–$38K
PBM contract terms$7K–$20K
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 Romine Group
Sponsor EIN
32-0015643
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 32-0015643 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Romine Group, Inc. 401(k) Plan
Type
401(k) plan
Participants
1,577

About this data

Source: The Romine Group'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 Romine Group.

Request a correction · Methodology