Sierra Pacific Industries

Redding, CA ManufacturingNAICS 321110

Self-funded health planPlan year 2025Renews January
5,752Participants+3% vs. prior year
$13.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 61Manufacturing in CABy participants

Overview

Sierra Pacific Industries sponsors a self-funded health plan that covered 5,752 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, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
5,752 · prior year 5,612
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Sierra Pacific Industries Health Benefits Plan, plan 501 (5,752 participants); Sierra Pacific Industries Health Benefit Plan for Retirees, plan 507 (28 participants)
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Minnesota Life Insurance CompanyLife6,184$533K—
The Lincoln National Life Insurance CompanyLong-term disability144$127K—

Pharmacy benefit estimate

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

$13.6M/ year

Estimated prescription spend: 5,752 participants × $2,371 national average per member. Usually higher once dependents are counted.

$355K–$874K/ year

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

Brands with a generic available$104K–$259K
Lower-cost therapeutic alternatives$151K–$316K
Generic pricing vs. actual cost$65K–$196K
PBM contract terms$34K–$102K
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
Sierra Pacific Industries
Sponsor EIN
68-0396272
Plan numbers
501, 507
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 68-0396272 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Sierra Pacific IND Employees' Retirement Plan
Type
401(k) plan
Participants
8,312

About this data

Source: Sierra Pacific Industries'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 Sierra Pacific Industries.

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