Greif Packaging LLC

Delaware, OH ManufacturingNAICS 332400

Self-funded health planPlan year 2024Renews OctoberCollectively bargained
7,015ParticipantsFirst year on file
$16.6MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#11 of 147Manufacturing in OHBy participants

Overview

Greif Packaging LLC sponsors a self-funded health plan that covered 7,015 participants in plan year 2024. The plan year starts in October. 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
7,015
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Greif Health and Welfare Benefit Plan, plan 502 (7,015 participants)
Broker compensation
$97K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyLife6,785$3.6M$95K
Lincoln National Life Insurance CompanyLong-term disability, Short-term disability6,649$1.9M—
Community Insurance CompanyVision10,692$736K—
The Lincoln National Life Insurance CompanyLeave Services6,925$256K—
Federal Insurance CompanyAccidental Death and Dismemberment6,611$15K$3K

Pharmacy benefit estimate

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

$16.6M/ year

Estimated prescription spend: 7,015 participants × $2,371 national average per member. Usually higher once dependents are counted.

$432K–$1.1M/ year

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

Brands with a generic available$126K–$316K
Lower-cost therapeutic alternatives$185K–$386K
Generic pricing vs. actual cost$80K–$240K
PBM contract terms$42K–$125K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 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
Greif Packaging LLC
Sponsor EIN
36-3268123
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-3268123 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Greif 401(k) Retirement Plan
Type
401(k) plan
Participants
9,611

About this data

Source: Greif Packaging 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 Greif Packaging LLC.

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