The Springs Living, LLC

Mcminnville, OR Health careNAICS 623000

Self-funded health planPlan year 2024Renews August
893ParticipantsFirst year on file
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#15 of 25Health care in ORBy participants

Overview

The Springs Living, LLC sponsors a self-funded health plan that covered 893 participants in plan year 2024. The plan year starts in August. 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
893
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
The Springs Living, LLC Wrap Benefit Plan, plan 501 (893 participants)
Broker compensation
$119K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLife, Short-term disability, Critical Illness, Accident, Vision, Dental713$750K$119K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 893 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$136K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$24K–$49K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 2027: 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 Springs Living, LLC
Sponsor EIN
27-3158705
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-3158705 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Springs Living 401(k) Retirement Plan
Type
401(k) plan
Participants
1,897

About this data

Source: The Springs Living, 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 Springs Living, LLC.

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