Premier Packaging, LLC.

Louisville, KY Wholesale tradeNAICS 424990

Self-funded health planPlan year 2024Renews May
937ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#5 of 10Wholesale trade in KYBy participants

Overview

Premier Packaging, LLC. sponsors a self-funded health plan that covered 937 participants in plan year 2024. 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
937
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Premier Packaging, LLC. Employee Benefits Plan, plan 501 (937 participants)
Stop-loss carrier
Cigna Health and Life Insurance Company and Affiates
Broker compensation
$90K 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
Cigna Health and Life Insurance Company and AffiatesStop-loss824$886K—
The Guardian Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability930$843K$90K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 937 participants × $2,371 national average per member. Usually higher once dependents are counted.

$58K–$142K/ year

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

Brands with a generic available$17K–$42K
Lower-cost therapeutic alternatives$25K–$52K
Generic pricing vs. actual cost$11K–$32K
PBM contract terms$6K–$17K
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 2024
Plan sponsor
Premier Packaging, LLC.
Sponsor EIN
61-1261117
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 61-1261117 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Premier Packaging, LLC 401(k) Plan
Type
401(k) plan
Participants
1,047

About this data

Source: Premier Packaging, LLC.'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 Premier Packaging, LLC..

Request a correction · Methodology