HP Hood LLC

Lynnfield, MA ManufacturingNAICS 311500

Self-funded health planPlan year 2025Renews January
3,325Participants-5% vs. prior year
$7.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 48Manufacturing in MABy participants

Overview

HP Hood LLC sponsors a self-funded health plan that covered 3,325 participants in plan year 2025, down 5% 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
3,325 · prior year 3,512
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
HP Hood LLC Health & Welfare Benefit Plan, plan 501 (3,325 participants)
Broker compensation
$208K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Symetra Life Insurance CompanyLife3,257$1.9M$11K
Hartford Life and AccidentShort-term disability, Long-term disability2,665$910K$191K
Vision Service PlanVision1,900$289K$4K
Countrywide Enterprises, Inc.Legal483$79K—
HealthadvocateEmployee Assistance Program3,257$56K—
Life Insurance Company of North AmericaBusiness Travel Accident3,257$9K$2K

Pharmacy benefit estimate

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

$7.9M/ year

Estimated prescription spend: 3,325 participants × $2,371 national average per member. Usually higher once dependents are counted.

$205K–$505K/ year

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

Brands with a generic available$60K–$150K
Lower-cost therapeutic alternatives$88K–$183K
Generic pricing vs. actual cost$38K–$114K
PBM contract terms$20K–$59K
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
HP Hood LLC
Sponsor EIN
04-1450950
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-1450950 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
HP Hood LLC Retirement Savings Plan
Type
401(k) plan
Participants
3,844

About this data

Source: HP Hood LLC'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 HP Hood LLC.

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