Fehrer Automotive North America, LLC

Duncan, SC ManufacturingNAICS 336300

Self-funded health planPlan year 2024Renews November
934ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#21 of 33Manufacturing in SCBy participants

Overview

Fehrer Automotive North America, LLC sponsors a self-funded health plan that covered 934 participants in plan year 2024. The plan year starts in November. 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
934
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Fehrer Automotive North America, LLC Health & Welfare Benefits Plan, plan 510 (934 participants)
Broker compensation
$184K 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
Sun Life Assurance Company of CanadaVision, Life, Short-term disability, Long-term disability837$813K$184K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 934 participants × $2,371 national average per member. Usually higher once dependents are counted.

$58K–$142K/ year

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

Brands with a generic available$17K–$42K
Lower-cost therapeutic alternatives$25K–$51K
Generic pricing vs. actual cost$11K–$32K
PBM contract terms$6K–$17K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Fehrer Automotive North America, LLC
Sponsor EIN
57-1082399
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 57-1082399 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fehrer Automotive North America, LLC 401(k) Plan
Type
401(k) plan
Participants
1,914

About this data

Source: Fehrer Automotive North America, 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 Fehrer Automotive North America, LLC.

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