Honey Baked HAM, LLC

Alpharetta, GA RetailNAICS 445299

Self-funded health planPlan year 2024Renews October
586ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#19 of 19Retail in GABy participants

Overview

Honey Baked HAM, LLC sponsors a self-funded health plan that covered 586 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
586
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Honey Baked HAM, LLC Insurance Plan, plan 501 (586 participants)
Broker compensation
$127K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Greater Georgia Life Insurance CompanyLife, Long-term disability586$483K$73K
Unum Insurance CompanyAccident, Critical Illness, Hospital Indemnity165$91K$50K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision907$60K$4K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 586 participants × $2,371 national average per member. Usually higher once dependents are counted.

$36K–$89K/ year

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

Brands with a generic available$11K–$26K
Lower-cost therapeutic alternatives$15K–$32K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
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
Honey Baked HAM, LLC
Sponsor EIN
47-3373810
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-3373810 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Honey Baked HAM Company, LLC 401k Plan and Trust
Type
401(k) plan
Participants
4,553

About this data

Source: Honey Baked HAM, 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 Honey Baked HAM, LLC.

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