Triboro Administrative Services, LLC

New York, NY Business servicesNAICS 561110

Self-funded health planPlan year 2024Renews April
1,078ParticipantsFirst year on file
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#4 of 9Business services in NYBy participants

Overview

Triboro Administrative Services, LLC sponsors a self-funded health plan that covered 1,078 participants in plan year 2024. The plan year starts in April. 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
1,078
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Triboro Administrative Services, LLC Welfare Benefits Plan, plan 501 (1,078 participants)
Broker compensation
$196K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
First Unum Life Insurance CompanyLife, Short-term disability, Long-term disability1,078$719K$105K
Delta Dental of New YorkDental666$403K$40K
Provident Life and Casualty Insurance CompanyHospital Indemnity, Critical Illness, Accident320$117K$49K
Vision Service PlanVision428$51K$2K

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,078 participants × $2,371 national average per member. Usually higher once dependents are counted.

$66K–$164K/ year

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

Brands with a generic available$19K–$49K
Lower-cost therapeutic alternatives$28K–$59K
Generic pricing vs. actual cost$12K–$37K
PBM contract terms$6K–$19K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Triboro Administrative Services, LLC
Sponsor EIN
32-0618921
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 32-0618921 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Rendr Care Physicians 401(k) Plan
Type
401(k) plan
Participants
1,418

About this data

Source: Triboro Administrative Services, 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 Triboro Administrative Services, LLC.

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