Marsh Furniture Company

High Point, NC ManufacturingNAICS 321900

Self-funded health planPlan year 2024Renews March
516ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#83 of 85Manufacturing in NCBy participants

Overview

Marsh Furniture Company sponsors a self-funded health plan that covered 516 participants in plan year 2024. The plan year starts in March. 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
516
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
Marsh Furniture Company Group Insurance Plan, plan 501 (516 participants)
Broker compensation
$23K 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
Unum Life Insurance Company of AmericaLife, Long-term disability, Lifestyle AD&D, Lifestyle Life355$225K$2K
Continental American Insurance CompanyShort-term disability59$114K$20K
Provident Life and Accident Insurance CompanyLife113$33K$858

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 516 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 March 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
Marsh Furniture Company
Sponsor EIN
56-0310260
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0310260 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Marsh Furniture Company 401(k) Plan
Type
401(k) plan
Participants
688

About this data

Source: Marsh Furniture Company'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 Marsh Furniture Company.

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