Yates Constructors, LLC

Birmingham, AL ConstructionNAICS 236200

Self-funded health planPlan year 2024Renews July
525ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#9 of 9Construction in ALBy participants

Overview

Yates Constructors, LLC sponsors a self-funded health plan that covered 525 participants in plan year 2024. The plan year starts in July.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
525
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Yates Constructors, LLC Employee Benefits Plan, plan 501 (525 participants)
Stop-loss carrier
Siriuspoint America Insurance Company
Broker compensation
$16K across insured contracts
MedicalOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Siriuspoint America Insurance CompanyStop-loss212$161K$16K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 525 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$80K/ year

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

Brands with a generic available$9K–$24K
Lower-cost therapeutic alternatives$14K–$29K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Yates Constructors, LLC
Sponsor EIN
27-5500404
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-5500404 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Yates Constructors, LLC'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 Yates Constructors, LLC.

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