Alpek Polyester USA, LLC

Charlotte, NC ManufacturingNAICS 325200

Self-funded health planPlan year 2024Renews August
1,557ParticipantsFirst year on file
$3.7MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#33 of 85Manufacturing in NCBy participants

Overview

Alpek Polyester USA, LLC sponsors a self-funded health plan that covered 1,557 participants in plan year 2024. The plan year starts in August. 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
1,557
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Alpek Polyester Usa,llc Welfare Benefit Plan, plan 501 (1,557 participants)
Broker compensation
$132K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

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 disability, Short-term disability, Specified Disease, Accident Plan1,557$1.0M$125K
Metropolitan Life Insurance CompanyDental, Vision2,275$772K$8K

Pharmacy benefit estimate

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

$3.7M/ year

Estimated prescription spend: 1,557 participants × $2,371 national average per member. Usually higher once dependents are counted.

$96K–$237K/ year

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

Brands with a generic available$28K–$70K
Lower-cost therapeutic alternatives$41K–$86K
Generic pricing vs. actual cost$18K–$53K
PBM contract terms$9K–$28K
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
Alpek Polyester USA, LLC
Sponsor EIN
52-2343187
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-2343187 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
DAK Americas LLC Savings and Investment Plan
Type
401(k) plan
Participants
1,825

About this data

Source: Alpek Polyester USA, 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 Alpek Polyester USA, LLC.

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