Hillco Ltd

Kinston, NC Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
3,838Participants+6% vs. prior year
$9.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 46Health care in NCBy participants

Overview

Hillco Ltd sponsors a self-funded health plan that covered 3,838 participants in plan year 2025, up 6% 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
3,838 · prior year 3,626
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hartland Employee Benefit Plan, plan 501 (3,838 participants)
Stop-loss carrier
Cigna Health and Life Insurance Company; Cigna Health and Life Insurance Company and Affiliates
Broker compensation
$602K 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
The Lincoln National Life Insurance CompanyShort-term disability, Long-term disability, Life4,710$2.3M$264K
Cigna Health and Life Insurance CompanyStop-loss1,925$1.1M$22K
Cigna Health and Life Insurance Company and AffiliatesStop-loss2,669$1.1M$22K
Continental American Insurance CompanyAccident, Critical Illness and Hospital 2,258$745K$277K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision2,926$271K$17K

Pharmacy benefit estimate

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

$9.1M/ year

Estimated prescription spend: 3,838 participants × $2,371 national average per member. Usually higher once dependents are counted.

$237K–$583K/ year

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

Brands with a generic available$69K–$173K
Lower-cost therapeutic alternatives$101K–$211K
Generic pricing vs. actual cost$44K–$131K
PBM contract terms$23K–$68K
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
Hillco Ltd
Sponsor EIN
56-0818742
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0818742 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hartland 401(k) Retirement Plan Trust
Type
401(k) plan
Participants
6,080

About this data

Source: Hillco Ltd'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 Hillco Ltd.

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