Reliance, Inc.

Phoenix, AZ Wholesale tradeNAICS 423500

Self-funded health planPlan year 2025Renews January
12,074Participants+6% vs. prior year
$28.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 7Wholesale trade in AZBy participants

Overview

Reliance, Inc. sponsors a self-funded health plan that covered 12,074 participants in plan year 2025, up 6% 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
12,074 · prior year 11,433
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Reliance Steel & Aluminum Co. Rewards Plan, plan 505 (12,074 participants)
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
Hartford Life and AccidentAccidental Death and Dismemberment, Life, Short-term disability, Long-term disability13,562$15.7M—
Vision Service PlanVision11,341$1.4M—
Anthem Blue Cross Life and Health Insurance CompanyEmployee Assistance Program13,599$221K—

Pharmacy benefit estimate

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

$28.6M/ year

Estimated prescription spend: 12,074 participants × $2,371 national average per member. Usually higher once dependents are counted.

$744K–$1.8M/ year

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

Brands with a generic available$218K–$544K
Lower-cost therapeutic alternatives$318K–$664K
Generic pricing vs. actual cost$137K–$412K
PBM contract terms$72K–$215K
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
Reliance, Inc.
Sponsor EIN
95-1142616
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-1142616 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Reliance, Inc. Master 401(k) Plan
Type
401(k) plan
Participants
14,445

About this data

Source: Reliance, 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 Reliance, Inc..

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