Glen Raven, Inc.

Burlington, NC ManufacturingNAICS 313000

Self-funded health planPlan year 2025Renews January
1,668Participants+12% vs. prior year
$4.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#27 of 85Manufacturing in NCBy participants

Overview

Glen Raven, Inc. sponsors a self-funded health plan that covered 1,668 participants in plan year 2025, up 12% 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
1,668 · prior year 1,489
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Glen Raven, Inc. Welfare Benefits Plan, plan 506 (1,668 participants)
Broker compensation
$221K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability2,157$1.4M$93K
Unum Insurance CompanyAccident, Hospital Indemnity785$220K$65K
Aetna Life Insurance Co.Vision2,382$132K$17K
Unum Life Insurance Company of AmericaSpecified Disease471$108K$29K
MetLife Legal PlansLegal212$46K$6K
The Lincoln National Life Insurance CompanyLife26$43K$7K

Pharmacy benefit estimate

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

$4.0M/ year

Estimated prescription spend: 1,668 participants × $2,371 national average per member. Usually higher once dependents are counted.

$103K–$254K/ year

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

Brands with a generic available$30K–$75K
Lower-cost therapeutic alternatives$44K–$92K
Generic pricing vs. actual cost$19K–$57K
PBM contract terms$10K–$30K
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
Glen Raven, Inc.
Sponsor EIN
56-0481507
Plan number
506
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0481507 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Glen Raven, Inc. Employees 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
1,936

About this data

Source: Glen Raven, 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 Glen Raven, Inc..

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