Gildan USA, LLC

Charleston, SC Wholesale tradeNAICS 424300

Self-funded health planPlan year 2025Renews May
615Participants-1% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#2 of 3Wholesale trade in SCBy participants

Overview

Gildan USA, LLC sponsors a self-funded health plan that covered 615 participants in plan year 2025, about the same as the prior year. The plan year starts in May. 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
615 · prior year 619
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Gildan USA, LLC Welfare Benefits Plan, plan 501 (615 participants)
Broker compensation
$61K 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
Reliastar Life Insurance CompanyLife, Short-term disability, Long-term disability1,547$660K$54K
Fidelity Security Life Insurance Company (d/b/a Eyemed)Vision545$45K$2K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 615 participants × $2,371 national average per member. Usually higher once dependents are counted.

$38K–$93K/ year

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

Brands with a generic available$11K–$28K
Lower-cost therapeutic alternatives$16K–$34K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 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
Gildan USA, LLC
Sponsor EIN
20-5049697
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-5049697 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Gildan USA, 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 Gildan USA, LLC.

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