Universal Group Inc.

Guaynabo, PR Finance & insuranceNAICS 524140

Self-funded health planPlan year 2024Renews December

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1,003ParticipantsFirst year on file

$2.4MEst. pharmacy spend / yrParticipants × national avg.

Dec 2026Next renewalPlan year begins December 1

#3 of 3Finance & insurance in PRBy participants

Overview

Universal Group Inc. sponsors a self-funded health plan that covered 1,003 participants in plan year 2024. The plan year starts in December. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type: ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants: 1,003
Plan year: Begins December 1 · next renewal December 2026
Health plans filed: Universal Group Inc. Health & Welfare Benefit Plan, plan 501 (1,003 participants)
Stop-loss carrier: MCS Life Insurance Company
Broker compensation: $45K across insured contracts

MedicalLife insuranceDentalVisionLong-term disability

Insurance carriers

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

Carrier	Coverage	Covered	Premium	Broker comp
Universal Life Insurance Company	Life, Long-term disability	1,001	$528K	$45K
MCS Life Insurance Company	Stop-loss	1,003	$148K	—

Pharmacy benefit estimate

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

$2.4M/ year

Estimated prescription spend: 1,003 participants × $2,371 national average per member. Usually higher once dependents are counted.

$62K–$152K/ year

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

Brands with a generic available$18K–$45K

Lower-cost therapeutic alternatives$26K–$55K

Generic pricing vs. actual cost$11K–$34K

PBM contract terms$6K–$18K

The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning December 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: Universal Group Inc.
Sponsor EIN: 66-0575306
Plan number: 501
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 66-0575306 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Universal Group Inc.'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 Universal Group Inc..

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