Milo's Tea Company, Inc.

Bessemer, AL ManufacturingNAICS 312110

Self-funded health planPlan year 2025Renews May
870Participants+1% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#24 of 29Manufacturing in ALBy participants

Overview

Milo's Tea Company, Inc. sponsors a self-funded health plan that covered 870 participants in plan year 2025, about the same as the prior year. The plan year starts in May. 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
870 · prior year 865
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Milo's Tea Company, Inc. Welfare Benefits Plan, plan 501 (870 participants)
Broker compensation
$313K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Prudential Insurance Company of AmericaLife, Short-term disability870$942K$192K
Delta Dental Insurance CompanyDental1,875$661K$106K
Vision Service PlanVision748$128K$15K
ComPsych CorporationEmployee Assistance Program634$13K—

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 870 participants × $2,371 national average per member. Usually higher once dependents are counted.

$54K–$132K/ year

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

Brands with a generic available$16K–$39K
Lower-cost therapeutic alternatives$23K–$48K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$15K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 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
Milo's Tea Company, Inc.
Sponsor EIN
63-0794375
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 63-0794375 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Milo's Tea Company, Inc. Retirement Savings Plan
Type
401(k) plan
Participants
1,018

About this data

Source: Milo's Tea Company, Inc.'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 Milo's Tea Company, Inc..

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