Tower Hill Insurance Group, LLC

Gainesville, FL Finance & insuranceNAICS 524210

Self-funded health planPlan year 2025Renews January
551Participants0% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#19 of 23Finance & insurance in FLBy participants

Overview

Tower Hill Insurance Group, LLC sponsors a self-funded health plan that covered 551 participants in plan year 2025, about the same as 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
551 · prior year 551
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Tower Hill Insurance Group, LLC Flexible Benefit Plan, plan 501 (551 participants)
Broker compensation
$153K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard Insurance CompanyLife, Short-term disability, Long-term disability607$585K$102K
Symetra Life Insurance CompanyCritical Illness, Hospital567$120K$28K
American Heritage Life Insurance CompanyAccident222$79K$17K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision810$63K$6K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 551 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$84K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$30K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Tower Hill Insurance Group, LLC
Sponsor EIN
27-0867974
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-0867974 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Tower Hill Insurance Group, LLC 401(k) Plan
Type
401(k) plan
Participants
870

About this data

Source: Tower Hill Insurance Group, LLC'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 Tower Hill Insurance Group, LLC.

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