Hoover Treated Wood Products, Inc.

Augusta, GA ManufacturingNAICS 321110

Self-funded health planPlan year 2025Renews January
513Participants+14% vs. prior year
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#80 of 82Manufacturing in GABy participants

Overview

Hoover Treated Wood Products, Inc. sponsors a self-funded health plan that covered 513 participants in plan year 2025, up 14% 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
513 · prior year 452
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hoover Treated Wood Products Inc. Employee Benefit Plan, plan 501 (513 participants)
Stop-loss carrier
Anthem Insurance Companies, Inc.
Broker compensation
$84K 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
Anthem Insurance Companies, Inc.Stop-loss618$726K$34K
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability406$302K$51K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 513 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$78K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$14K–$28K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
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
Hoover Treated Wood Products, Inc.
Sponsor EIN
58-1531214
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-1531214 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Hoover Treated Wood Products, 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 Hoover Treated Wood Products, Inc..

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