Norman W. Fries, Inc.

Claxton, GA AgricultureNAICS 112300

Self-funded health planPlan year 2024Renews November
917ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#6 of 6Agriculture in GABy participants

Overview

Norman W. Fries, Inc. sponsors a self-funded health plan that covered 917 participants in plan year 2024. The plan year starts in November. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
917
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Claxton Poultry Farms Employee Medical Plan, plan 501 (917 participants)
Broker compensation
$87K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLife, Long-term disability882$336K$78K
Blue Cross and Blue Shield of Georgia Inc.Vision1,129$74K$8K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 917 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$139K/ 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 November 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
Norman W. Fries, Inc.
Sponsor EIN
58-0703332
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-0703332 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Claxton Poultry Farms Employees' Saving Plan
Type
401(k) plan
Participants
2,961

About this data

Source: Norman W. Fries, Inc.'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 Norman W. Fries, Inc..

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