Wasatch Property Management

Logan, UT Real estateNAICS 531310

Self-funded health planPlan year 2025Renews January
820Participants+9% vs. prior year
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 3Real estate in UTBy participants

Overview

Wasatch Property Management sponsors a self-funded health plan that covered 820 participants in plan year 2025, up 9% 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
820 · prior year 753
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Wasatch Property Management Welfare Benefit Plan, plan 501 (820 participants)
Broker compensation
$28K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Short-term disability820$264K$26K
Evernorth Care Solutions, Inc.Employee Assistance Program2,148$16K—
Pre-Paid Legal Services Inc. DBA Legal ShieldLegal76$10K$2K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 820 participants × $2,371 national average per member. Usually higher once dependents are counted.

$51K–$125K/ year

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

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$22K–$45K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$15K
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
Wasatch Property Management
Sponsor EIN
87-0484108
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 87-0484108 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Wasatch Property Management'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 Wasatch Property Management.

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