Wicker, Smith, O'hara, Mccoy & Ford, P.A.

Coral Gables, FL Professional servicesNAICS 541110

Self-funded health planPlan year 2024Renews May
555ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#46 of 53Professional services in FLBy participants

Overview

Wicker, Smith, O'hara, Mccoy & Ford, P.A. sponsors a self-funded health plan that covered 555 participants in plan year 2024. The plan year starts in May. 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
555
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Wicker, Smith, O'hara, Mccoy & Ford, P.A. Flexible Benefit Plan, plan 502 (555 participants)
Stop-loss carrier
Aetna Life Insurance Company
Broker compensation
$43K 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
Aetna Life Insurance CompanyStop-loss461$932K—
Reliance Standard Life Insurance CompanyLife, Long-term disability555$289K$43K
Sun Life Assurance Company of CanadaDental, Vision371$183K—

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 555 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$84K/ 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 May 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Wicker, Smith, O'hara, Mccoy & Ford, P.A.
Sponsor EIN
65-0089075
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 65-0089075 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Wicker Smith 401(k) Plan I
Type
401(k) plan
Participants
393

About this data

Source: Wicker, Smith, O'hara, Mccoy & Ford, P.A.'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 Wicker, Smith, O'hara, Mccoy & Ford, P.A..

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