Sew-Eurodrive, Inc.

Lyman, SC ManufacturingNAICS 333610

Self-funded health planPlan year 2025Renews January
1,088Participants+5% vs. prior year
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#17 of 33Manufacturing in SCBy participants

Overview

Sew-Eurodrive, Inc. sponsors a self-funded health plan that covered 1,088 participants in plan year 2025, up 5% 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
1,088 · prior year 1,038
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Sew-Eurodrive, Inc. Employee Benefit Plan, plan 501 (1,088 participants)
Stop-loss carrier
Siriuspoint America Insurance Company
Broker compensation
$119K 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
Hartford Life and AccidentLife, Long-term disability1,087$1.1M$89K
Siriuspoint America Insurance CompanyStop-loss1,065$788K—
John Hancock Life Insurance CompanyGroup Long Term Care Insurance263$44K—
Provident Life and Accident Insurance CompanyLife256—$12K
Unum Life Insurance Company of AmericaCritical Illness/accident404—$18K

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,088 participants × $2,371 national average per member. Usually higher once dependents are counted.

$67K–$165K/ year

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

Brands with a generic available$20K–$49K
Lower-cost therapeutic alternatives$29K–$60K
Generic pricing vs. actual cost$12K–$37K
PBM contract terms$6K–$19K
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
Sew-Eurodrive, Inc.
Sponsor EIN
31-0870891
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-0870891 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Sew-Eurodrive, Inc. Profit Sharing/401(k) Retirement Plan
Type
401(k) plan
Participants
1,277

About this data

Source: Sew-Eurodrive, 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 Sew-Eurodrive, Inc..

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