Westwood Professional Services, Inc.

Plano, TX ConstructionNAICS 238900

Self-funded health planPlan year 2025Renews January
1,748Participants+0% vs. prior year
$4.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#11 of 57Construction in TXBy participants

Overview

Westwood Professional Services, Inc. sponsors a self-funded health plan that covered 1,748 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,748 · prior year 1,743
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Westwood Professional Services, Inc. Comprehensive Health and Welfare Benefits Plan, plan 508 (1,748 participants)
Broker compensation
$132K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther 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 disability1,748$795K$117K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision2,240$145K$14K
United Behavioral Health DBA OptumEmployee Assistance Program1,721$30K—

Pharmacy benefit estimate

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

$4.1M/ year

Estimated prescription spend: 1,748 participants × $2,371 national average per member. Usually higher once dependents are counted.

$108K–$266K/ year

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

Brands with a generic available$31K–$79K
Lower-cost therapeutic alternatives$46K–$96K
Generic pricing vs. actual cost$20K–$60K
PBM contract terms$10K–$31K
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
Westwood Professional Services, Inc.
Sponsor EIN
41-1617552
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-1617552 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Westwood Professional Services, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
2,754

About this data

Source: Westwood Professional Services, 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 Westwood Professional Services, Inc..

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