American Greetings Corporation

Cleveland, OH ManufacturingNAICS 323100

Self-funded health planPlan year 2025Renews March
2,061Participants+1% vs. prior year
$4.9MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#38 of 147Manufacturing in OHBy participants

Overview

American Greetings Corporation sponsors a self-funded health plan that covered 2,061 participants in plan year 2025, about the same as the prior year. The plan year starts in March. 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
2,061 · prior year 2,050
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
American Greetings Corporation Welfare Benefits Plan, plan 556 (2,061 participants)
Broker compensation
$261K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife, Dental, Bta-Travel Accident, Long-term disability, Short-term disability4,722$2.8M$230K
Fidelity Security Life Insurance CompanyVision2,694$265K$27K
MetLife Legal PlansLegal192$39K$5K

Pharmacy benefit estimate

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

$4.9M/ year

Estimated prescription spend: 2,061 participants × $2,371 national average per member. Usually higher once dependents are counted.

$127K–$313K/ year

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

Brands with a generic available$37K–$93K
Lower-cost therapeutic alternatives$54K–$113K
Generic pricing vs. actual cost$23K–$70K
PBM contract terms$12K–$37K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning March 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
American Greetings Corporation
Sponsor EIN
34-0065325
Plan number
556
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-0065325 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
American Greetings Retirement Savings Plan
Type
401(k) plan
Participants
5,300

About this data

Source: American Greetings Corporation'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 American Greetings Corporation.

Request a correction · Methodology