Amick Farms, LLC

Batesburg, SC ManufacturingNAICS 311610

Self-funded health planPlan year 2024Renews June
4,447ParticipantsFirst year on file
$10.5MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#4 of 33Manufacturing in SCBy participants

Overview

Amick Farms, LLC sponsors a self-funded health plan that covered 4,447 participants in plan year 2024. The plan year starts in June. 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
4,447
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Amick Farms, LLC Group Health & Welfare Plan, plan 504 (4,447 participants)
Broker compensation
$388K 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
Sun Life Assurance Company of CanadaLife, Short-term disability, Long-term disability4,259$2.8M$230K
Reliastar Life Insurance CompanyAccident, Critical Illness1,812$563K$130K
Colonial Life & Accident Insurance CompanyUniversal Life295$150K$7K
EyemedVision2,338$118K$12K
Legalplans USALegal438$80K$8K

Pharmacy benefit estimate

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

$10.5M/ year

Estimated prescription spend: 4,447 participants × $2,371 national average per member. Usually higher once dependents are counted.

$274K–$676K/ year

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

Brands with a generic available$80K–$200K
Lower-cost therapeutic alternatives$117K–$245K
Generic pricing vs. actual cost$51K–$152K
PBM contract terms$26K–$79K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Amick Farms, LLC
Sponsor EIN
76-0836672
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 76-0836672 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Amick Farms, LLC 401(k) Plan
Type
401(k) plan
Participants
4,944

About this data

Source: Amick Farms, 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 Amick Farms, LLC.

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