WGI, Inc.

West Palm Beach, FL Professional servicesNAICS 541330

Self-funded health planPlan year 2024Renews August
561ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#45 of 53Professional services in FLBy participants

Overview

WGI, Inc. sponsors a self-funded health plan that covered 561 participants in plan year 2024. The plan year starts in August. Alongside medical, its benefits filing reports life insurance, vision, short-term disability, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
561
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
WGI Employee Welfare Benefits Plan, plan 501 (561 participants)
Broker compensation
$-3K across insured contracts
MedicalLife insuranceVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, Short-term disability, Long-term disability494$362K—
Vision Service PlanVision376$65K$-3K
Preferred Legal PlanLegal135$18K—

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 561 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$85K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$31K
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 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
WGI, Inc.
Sponsor EIN
65-0271367
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 65-0271367 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
WGI, Inc. 401(k) Plan
Type
401(k) plan
Participants
808

About this data

Source: WGI, 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 WGI, Inc..

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