Hog Slat Inc.

Newton Grove, NC ConstructionNAICS 236200

Self-funded health planPlan year 2024Renews December
713ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Dec 2026Next renewalPlan year begins December 1
#13 of 21Construction in NCBy participants

Overview

Hog Slat Inc. sponsors a self-funded health plan that covered 713 participants in plan year 2024. The plan year starts in December. 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
713
Plan year
Begins December 1 · next renewal December 2026
Health plans filed
Hog Slat Welfare Benefits Wrap Plan, plan 503 (713 participants)
Stop-loss carrier
Stealth (slis)-Partnerre-Partnerre
Broker compensation
$142K 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
Metropolitan Life Insurance CompanyDental, Vision, Life1,003$769K$92K
Stealth (slis)-Partnerre-PartnerreMedical, Prescription drug, Dental, Vision, Short-term disability, Stop-loss713$573K$37K
United of Omaha Life Insurance CompanyLong-term disability192$64K$10K
Colonial Life & Accident Insurance CompanyLife, Short-term disability70$51K$3K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 713 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$108K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning December 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
Hog Slat Inc.
Sponsor EIN
56-0945951
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0945951 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hog Slat, Inc. Retirement Savings Plan
Type
401(k) plan
Participants
1,218

About this data

Source: Hog Slat Inc.'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 Hog Slat Inc..

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