Wendys of Bowling Green

Bowling Green, KY HospitalityNAICS 722513

Self-funded health planPlan year 2024Renews July
547ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#6 of 7Hospitality in KYBy participants

Overview

Wendys of Bowling Green sponsors a self-funded health plan that covered 547 participants in plan year 2024. The plan year starts in July. 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
547
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Wendy's of Bowling Green, Inc. Employee Benefits Plan, plan 502 (547 participants); Wendy's of Bowling Green Flexible Compensation Plan, plan 501 (126 participants)
Broker compensation
$61K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability, Short-term disability, Lifestyle Life, Lifestyle ADD288$223K$42K
Starmount Life Insurance CompanyDental, Vision401$141K$19K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 547 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$83K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$14K–$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 July 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
Wendys of Bowling Green
Sponsor EIN
61-0888584
Plan numbers
502, 501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 61-0888584 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Wendys of Bowling Green'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 Wendys of Bowling Green.

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