Wheels, LLC

Schaumburg, IL Real estateNAICS 532100

Self-funded health planPlan year 2025Renews January
2,019Participants+7% vs. prior year
$4.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 7Real estate in ILBy participants

Overview

Wheels, LLC sponsors a self-funded health plan that covered 2,019 participants in plan year 2025, up 7% 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
2,019 · prior year 1,885
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Wheels, LLC Health and Welfare Benefits Plan, plan 510 (2,019 participants)
Broker compensation
$106K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath 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 disability2,019$1.0M$95K
Cigna Health and Life Insurance Company and AffiliatesVision2,709$155K—
Metropolitan General Insurance CompanyLegal282$64K$11K

Pharmacy benefit estimate

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

$4.8M/ year

Estimated prescription spend: 2,019 participants × $2,371 national average per member. Usually higher once dependents are counted.

$124K–$307K/ year

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

Brands with a generic available$36K–$91K
Lower-cost therapeutic alternatives$53K–$111K
Generic pricing vs. actual cost$23K–$69K
PBM contract terms$12K–$36K
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
Wheels, LLC
Sponsor EIN
36-2317983
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-2317983 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Wheels, LLC Retirement Savings Plan
Type
401(k) plan
Participants
2,784

About this data

Source: Wheels, LLC'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 Wheels, LLC.

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