ITG Brands, LLC

Greensboro, NC ManufacturingNAICS 312200

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
918Participants-11% vs. prior year
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#51 of 85Manufacturing in NCBy participants

Overview

ITG Brands, LLC sponsors a self-funded health plan that covered 918 participants in plan year 2025, down 11% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, severance, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
918 · prior year 1,034
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
ITG Brands, LLC Employee Benefits Plan for Hourly Employees, plan 502 (918 participants)
Broker compensation
$21K across insured contracts
MedicalLife insuranceDentalVisionSeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife855$514K$21K
Eyemed Vision CareVision250$15K—

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 918 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$140K/ year

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

Brands with a generic available$17K–$41K
Lower-cost therapeutic alternatives$24K–$50K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
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
ITG Brands, LLC
Sponsor EIN
94-2994213
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 94-2994213 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
ITG Holdings USA, Inc. Employee Savings & Retirement Plan
Type
401(k) plan
Participants
2,459

About this data

Source: ITG Brands, 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 ITG Brands, LLC.

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