Covia Holdings LLC

Independence, OH Mining & energyNAICS 212320

Self-funded health planPlan year 2025Renews January
1,432Participants-1% vs. prior year
$3.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 2Mining & energy in OHBy participants

Overview

Covia Holdings LLC sponsors a self-funded health plan that covered 1,432 participants in plan year 2025, about the same as 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
1,432 · prior year 1,451
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Covia Holdings Corporation Welfare Benefit Plan, plan 501 (1,432 participants)
Broker compensation
$120K 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
Reliance Standard Life Insurance CompanyCritical Illness, Accidental Death and Dismemberment, Accident, Hospital Indemnity, Life, Long-term disability1,028$1.3M$120K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,950$160K—

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,432 participants × $2,371 national average per member. Usually higher once dependents are counted.

$88K–$218K/ year

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

Brands with a generic available$26K–$65K
Lower-cost therapeutic alternatives$38K–$79K
Generic pricing vs. actual cost$16K–$49K
PBM contract terms$8K–$25K
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
Covia Holdings LLC
Sponsor EIN
13-2656671
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-2656671 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Covia Retirement Savings Plan
Type
401(k) plan
Participants
2,169

About this data

Source: Covia Holdings 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 Covia Holdings LLC.

Request a correction · Methodology