THR Property Management, LP DBA Invitation Homes Invitation Homes

Dallas, TX Real estateNAICS 531110

Self-funded health planPlan year 2025Renews January
1,702Participants+4% vs. prior year
$4.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 28Real estate in TXBy participants

Overview

THR Property Management, LP DBA Invitation Homes Invitation Homes sponsors a self-funded health plan that covered 1,702 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
1,702 · prior year 1,639
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
THR Property Management LP Welfare Benefits Plan, plan 501 (1,702 participants)
Broker compensation
$173K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability, Critical Illness, Accident, Hospital3,019$2.5M$165K
MetLife Legal PlansLegal227$59K$8K

Pharmacy benefit estimate

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

$4.0M/ year

Estimated prescription spend: 1,702 participants × $2,371 national average per member. Usually higher once dependents are counted.

$105K–$259K/ year

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

Brands with a generic available$31K–$77K
Lower-cost therapeutic alternatives$45K–$94K
Generic pricing vs. actual cost$19K–$58K
PBM contract terms$10K–$30K
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
THR Property Management, LP DBA Invitation Homes Invitation Homes
Sponsor EIN
90-0874152
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 90-0874152 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Invitation Homes 401(k) Plan
Type
401(k) plan
Participants
2,181

About this data

Source: THR Property Management, LP DBA Invitation Homes Invitation Homes'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 THR Property Management, LP DBA Invitation Homes Invitation Homes.

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