Monogram Food Solutions, LLC Welfare Plan

Memphis, TN ManufacturingNAICS 311900

Self-funded health planPlan year 2024Renews August
3,524ParticipantsFirst year on file
$8.4MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#4 of 54Manufacturing in TNBy participants

Overview

Monogram Food Solutions, LLC Welfare Plan sponsors a self-funded health plan that covered 3,524 participants in plan year 2024. The plan year starts in August. 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
3,524
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Monogram Food Solutions, LLC Welfare Plan Employee Benefits Plan, plan 501 (3,524 participants)
Stop-loss carrier
HCC Life Insurance Company
Broker compensation
$710K 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
Lincoln National Life Insurance CompanyLife, Long-term disability, Short-term disability, Leave Services3,350$2.2M$296K
HCC Life Insurance CompanyStop-loss1,881$1.2M$62K
The Lincoln National Life Insurance CompanyVoluntary Hospital Indemnity, Voluntary Accident, Voluntary Critical Illness1,556$993K$331K
Eyemed Vision CareVision2,863$206K$21K

Pharmacy benefit estimate

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

$8.4M/ year

Estimated prescription spend: 3,524 participants × $2,371 national average per member. Usually higher once dependents are counted.

$217K–$536K/ year

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

Brands with a generic available$64K–$159K
Lower-cost therapeutic alternatives$93K–$194K
Generic pricing vs. actual cost$40K–$120K
PBM contract terms$21K–$63K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Monogram Food Solutions, LLC Welfare Plan
Sponsor EIN
45-3115232
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 45-3115232 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Monogram Food Solutions 401(k) Plan
Type
401(k) plan
Participants
3,577

About this data

Source: Monogram Food Solutions, LLC Welfare Plan'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 Monogram Food Solutions, LLC Welfare Plan.

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