Resource Label Group, LLC

Franklin, TN ManufacturingNAICS 323100

Self-funded health planPlan year 2024Renews July
1,226ParticipantsFirst year on file
$2.9MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#21 of 54Manufacturing in TNBy participants

Overview

Resource Label Group, LLC sponsors a self-funded health plan that covered 1,226 participants in plan year 2024. The plan year starts in July. 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
1,226
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Resource Label Group Welfare Benefit Plan, plan 501 (1,226 participants)
Stop-loss carrier
Cigna Health and Life Insurance Company and Affiliates (cigna)
Broker compensation
$84K 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
Kaiser Foundation Health Plan Inc.Medical168$2.7M$28K
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability1,660$613K$50K
Cigna Health and Life Insurance Company and Affiliates (cigna)Vision, Stop-loss1,778$131K$6K

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,226 participants × $2,371 national average per member. Usually higher once dependents are counted.

$76K–$186K/ year

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

Brands with a generic available$22K–$55K
Lower-cost therapeutic alternatives$32K–$67K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
Resource Label Group, LLC
Sponsor EIN
62-1622991
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 62-1622991 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Resource Label Group, LLC Section 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
2,442

About this data

Source: Resource Label Group, 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 Resource Label Group, LLC.

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