Shearer's Foods, LLC

Massillon, OH ManufacturingNAICS 311900

Self-funded health planPlan year 2025Renews January
2,663Participants+3% vs. prior year
$6.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#29 of 147Manufacturing in OHBy participants

Overview

Shearer's Foods, LLC sponsors a self-funded health plan that covered 2,663 participants in plan year 2025, up 3% 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
2,663 · prior year 2,577
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Shearer's Foods LLC Medical Insurance Plan, plan 501 (2,663 participants)
Broker compensation
$288K 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
Standard Insurance CompanyAccident, Hospital Indemnity, Critical I, Life, Long-term disability, Short-term disability3,883$2.3M$288K
Vision Service PlanVision2,238$265K—

Pharmacy benefit estimate

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

$6.3M/ year

Estimated prescription spend: 2,663 participants × $2,371 national average per member. Usually higher once dependents are counted.

$164K–$405K/ year

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

Brands with a generic available$48K–$120K
Lower-cost therapeutic alternatives$70K–$146K
Generic pricing vs. actual cost$30K–$91K
PBM contract terms$16K–$47K
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
Shearer's Foods, LLC
Sponsor EIN
34-1319359
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1319359 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Shearer's Foods, LLC Retirement Savings Plan
Type
401(k) plan
Participants
5,132

About this data

Source: Shearer's Foods, LLC'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 Shearer's Foods, LLC.

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