Garland Industries, Inc.

Cleveland, OH ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews January
932Participants-21% vs. prior year
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#77 of 147Manufacturing in OHBy participants

Overview

Garland Industries, Inc. sponsors a self-funded health plan that covered 932 participants in plan year 2025, down 21% 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
932 · prior year 1,174
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Garland Company, Inc. Employee Benefit Selection Plan, plan 501 (932 participants)
Broker compensation
$124K 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
Delta Dental of OhioDental1,636$591K$58K
Sun Life Assurance Company of CanadaLife, Long-term disability, Short-term disability674$446K$30K
Metropolitan Life Insurance CompanyLife, Long-term disability525$132K$15K
Community Insurance CompanyVision1,279$82K$9K
United of Omaha Life Insurance CompanyLong-term disability, Life, Short Term Disability, Term Life-Voluntary82$74K$12K
Federal Insurance Company (chubb)Travel Accident Insurance952——

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 932 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$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 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
Garland Industries, Inc.
Sponsor EIN
34-1115246
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1115246 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Garland Industries, Inc. Employee Stock Ownership Plan & Trust
Type
Defined contribution plan
Participants
1,721

About this data

Source: Garland Industries, Inc.'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 Garland Industries, Inc..

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