Weston and Sampson,inc.

Reading, MA Professional servicesNAICS 541330

Self-funded health planPlan year 2024Renews August
920ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#22 of 39Professional services in MABy participants

Overview

Weston and Sampson,inc. sponsors a self-funded health plan that covered 920 participants in plan year 2024. The plan year starts in August. 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
920
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Weston and Sampson, Inc. Employee Benefits Plan, plan 501 (920 participants)
Broker compensation
$73K 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 disability920$398K$43K
Eyemed Vision CareVision1,275$76K$5K
Provident Life and Accident Insurance CompanyDisability26$58K$21K
Unum Insurance CompanyHospital EE Paid, Attained Age Critical Illness40$16K$4K
Unum Life Insurance CompanyAccident47$5K$1K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 920 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$140K/ year

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

Brands with a generic available$17K–$41K
Lower-cost therapeutic alternatives$24K–$51K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Weston and Sampson,inc.
Sponsor EIN
04-2601194
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2601194 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Weston & Sampson 401(k) and Profit Sharing Plan
Type
401(k) plan
Participants
1,108

About this data

Source: Weston and Sampson,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 Weston and Sampson,inc..

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