Butterball, LLC

Garner, NC ManufacturingNAICS 311610

Self-funded health planPlan year 2025Renews January
6,725Participants+10% vs. prior year
$15.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 85Manufacturing in NCBy participants

Overview

Butterball, LLC sponsors a self-funded health plan that covered 6,725 participants in plan year 2025, up 10% from the prior year. The plan year starts in January. 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
6,725 · prior year 6,094
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Butterball, LLC Employee Health & Welfare Benefit Plan, plan 504 (6,725 participants)
Broker compensation
$691K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyLife, Short-term disability, Long-term disability6,725$4.3M$691K
Hartford Fire Insurance CompanyBusiness Travel Accident6,725$3K—

Pharmacy benefit estimate

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

$15.9M/ year

Estimated prescription spend: 6,725 participants × $2,371 national average per member. Usually higher once dependents are counted.

$415K–$1.0M/ year

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

Brands with a generic available$121K–$303K
Lower-cost therapeutic alternatives$177K–$370K
Generic pricing vs. actual cost$77K–$230K
PBM contract terms$40K–$120K
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
Butterball, LLC
Sponsor EIN
56-1458630
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-1458630 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Butterball, LLC Salary & Hourly 401(k) Plan
Type
401(k) plan
Participants
8,301

About this data

Source: Butterball, LLC'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 Butterball, LLC.

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