Instant Brands Holdings Inc.

Downers Grove, IL ManufacturingNAICS 327210

Self-funded health planPlan year 2024Renews January
2,423ParticipantsFirst year on file
$5.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#44 of 122Manufacturing in ILBy participants

Overview

Instant Brands Holdings Inc. sponsors a self-funded health plan that covered 2,423 participants in plan year 2024. 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
2,423
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Instant Brands Holdings Inc. Comprehensive Health and Welfare Benefit Plan, plan 501 (2,423 participants)
Broker compensation
$54K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Long-term disability2,333$561K$28K
Reliastar Life Insurance CompanyAccident, Critical Illness, Hospital Con202$126K$23K
MetLife Legal PlansLegal110$29K$4K

Pharmacy benefit estimate

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

$5.7M/ year

Estimated prescription spend: 2,423 participants × $2,371 national average per member. Usually higher once dependents are counted.

$149K–$368K/ year

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

Brands with a generic available$44K–$109K
Lower-cost therapeutic alternatives$64K–$133K
Generic pricing vs. actual cost$28K–$83K
PBM contract terms$14K–$43K
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 2024
Plan sponsor
Instant Brands Holdings Inc.
Sponsor EIN
16-1403318
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 16-1403318 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Instant Brands Pension Plan
Type
Pension plan
Participants
2,990

About this data

Source: Instant Brands Holdings 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 Instant Brands Holdings Inc..

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