S. Abraham & Sons, Inc.

Grand Rapids, MI Wholesale tradeNAICS 424400

Self-funded health planPlan year 2025Renews January
553Participants0% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#21 of 21Wholesale trade in MIBy participants

Overview

S. Abraham & Sons, Inc. sponsors a self-funded health plan that covered 553 participants in plan year 2025, about the same as the prior year. The plan year starts in January. 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
553 · prior year 553
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
S. Abraham & Sons Inc. Employee Benefit Plan, plan 501 (553 participants)
Broker compensation
$51K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability257$168K$32K
Unum Insurance CompanyAccident, Critical Illness, Hospital231$99K$19K
First Stop Health, LLCTelehealth404$28K—
All One HealthEmployee Assistance Program257——

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 553 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$84K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$30K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
S. Abraham & Sons, Inc.
Sponsor EIN
38-1743581
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-1743581 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
S. Abraham & Sons 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
743

About this data

Source: S. Abraham & Sons, 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 S. Abraham & Sons, Inc..

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