United Security, Inc.

Red Bank, NJ Business servicesNAICS 561600

Self-funded health planPlan year 2025Renews March
1,702Participants+1% vs. prior year
$4.0MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#4 of 7Business services in NJBy participants

Overview

United Security, Inc. sponsors a self-funded health plan that covered 1,702 participants in plan year 2025, about the same as the prior year. The plan year starts in March. 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 1,686
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
United Security, Inc. Welfare Benefit Plan, plan 505 (1,702 participants)
Broker compensation
$16K 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
Sun Life Assurance Company of CanadaDental, Vision, Life1,688$115K$12K
Hartford Life and AccidentShort-term disability62$21K$4K

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 March 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
United Security, Inc.
Sponsor EIN
13-3692228
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3692228 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
United Security, Inc. Retirement Plan
Type
401(k) plan
Participants
2,307

About this data

Source: United Security, Inc.'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 United Security, Inc..

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