Burns & Wilcox, Ltd.

Farmington Hills, MI Finance & insuranceNAICS 524210

Self-funded health planPlan year 2025Renews January
2,457Participants+68% vs. prior year
$5.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 14Finance & insurance in MIBy participants

Overview

Burns & Wilcox, Ltd. sponsors a self-funded health plan that covered 2,457 participants in plan year 2025, up 68% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, short-term disability, prepaid legal, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,457 · prior year 1,467
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Burns & Wilcox Flexible Benefits Plan, plan 502 (2,457 participants)
MedicalLife insuranceShort-term disabilityPrepaid legalLong-term disabilityOther welfare benefits

Pharmacy benefit estimate

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

$5.8M/ year

Estimated prescription spend: 2,457 participants × $2,371 national average per member. Usually higher once dependents are counted.

$151K–$373K/ year

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

Brands with a generic available$44K–$111K
Lower-cost therapeutic alternatives$65K–$135K
Generic pricing vs. actual cost$28K–$84K
PBM contract terms$15K–$44K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 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
Burns & Wilcox, Ltd.
Sponsor EIN
38-1804059
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-1804059 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Burns & Wilcox, Ltd.'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 Burns & Wilcox, Ltd..

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