Milliken & Company

Spartanburg, SC ManufacturingNAICS 314000

Self-funded health planPlan year 2025Renews January
5,614Participants+2% vs. prior year
$13.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 33Manufacturing in SCBy participants

Overview

Milliken & Company sponsors a self-funded health plan that covered 5,614 participants in plan year 2025, about the same as 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
5,614 · prior year 5,531
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Milliken & Company Health & Welfare Benefit Plan, plan 501 (5,614 participants)
Broker compensation
$632K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Short-term disability, Long-term disability5,551$4.3M$327K
Provident Life and Accident Insurance CompanyShort-term disability, Life1,728$2.0M$206K
Unum Life Insurance Company of AmericaAccident, Critical Illness, Hospital Ind2,367$685K$93K
Vision Service PlanVision4,140$635K—
Ace American Insurance CompanyAccidental Death and Dismemberment, Busi5,513$31K$6K

Pharmacy benefit estimate

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

$13.3M/ year

Estimated prescription spend: 5,614 participants × $2,371 national average per member. Usually higher once dependents are counted.

$346K–$853K/ year

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

Brands with a generic available$101K–$253K
Lower-cost therapeutic alternatives$148K–$309K
Generic pricing vs. actual cost$64K–$192K
PBM contract terms$33K–$100K
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
Milliken & Company
Sponsor EIN
51-0105342
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 51-0105342 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Milliken Retirement Plan
Type
401(k) plan
Participants
9,749

About this data

Source: Milliken & Company'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 Milliken & Company.

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