Pratt Industries, Inc.

Conyers, GA ManufacturingNAICS 322200

Self-funded health planPlan year 2025Renews January
9,949Participants+3% vs. prior year
$23.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 82Manufacturing in GABy participants

Overview

Pratt Industries, Inc. sponsors a self-funded health plan that covered 9,949 participants in plan year 2025, up 3% from 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
9,949 · prior year 9,703
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Pratt Industries, Inc. Insurance Plan, plan 505 (9,949 participants)
Broker compensation
$2.1M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard Insurance CompanyLife, Short-term disability, Long-term disability9,949$8.6M$1.5M
American Heritage Life Insurance CompanyLife2,525$2.6M$540K
Blue Cross Blue Shield Healthcare Plan of Georgia, Inc.Vision12,211$715K$112K

Pharmacy benefit estimate

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

$23.6M/ year

Estimated prescription spend: 9,949 participants × $2,371 national average per member. Usually higher once dependents are counted.

$613K–$1.5M/ year

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

Brands with a generic available$179K–$448K
Lower-cost therapeutic alternatives$262K–$547K
Generic pricing vs. actual cost$113K–$340K
PBM contract terms$59K–$177K
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
Pratt Industries, Inc.
Sponsor EIN
98-0070672
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 98-0070672 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Pratt Industries, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
11,478

About this data

Source: Pratt Industries, 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 Pratt Industries, Inc..

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