AW North Carolina, Inc.

Durham, NC ManufacturingNAICS 336300

Self-funded health planPlan year 2024Renews April
1,559ParticipantsFirst year on file
$3.7MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#32 of 85Manufacturing in NCBy participants

Overview

AW North Carolina, Inc. sponsors a self-funded health plan that covered 1,559 participants in plan year 2024. The plan year starts in April. 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
1,559
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
AW North Carolina, Inc. DBA Aisin North America Employee Benefits Plan, plan 501 (1,559 participants)
Stop-loss carrier
Gerber Life Insurance Company
Broker compensation
$87K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Gerber Life Insurance CompanyStop-loss1,312$1.2M—
Lincoln National Life Insurance CompanyLife, Long-term disability, Short-term disability1,334$969K$37K
The Lincoln National Life Insurance CompanyAccident, Hospital Indemnity, Critical Illness523$229K$50K
Vision Service PlanVision1,110$62K—
Zurich American Insurance CompanyBTA1,312$393—

Pharmacy benefit estimate

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

$3.7M/ year

Estimated prescription spend: 1,559 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 April 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
AW North Carolina, Inc.
Sponsor EIN
52-2131931
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-2131931 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: AW North Carolina, Inc.'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 AW North Carolina, Inc..

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