Signode Industrial Group LLC

Tampa, FL ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews January
1,822Participants-8% vs. prior year
$4.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#14 of 48Manufacturing in FLBy participants

Overview

Signode Industrial Group LLC sponsors a self-funded health plan that covered 1,822 participants in plan year 2025, down 8% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,822 · prior year 1,978
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Signode Industrial Group LLC Employee Group Benefits Plan, plan 501 (1,822 participants)
Broker compensation
$219K across insured contracts
MedicalLife insuranceDentalShort-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 disability2,352$1.5M$171K
Metropolitan Life Insurance CompanyDental2,702$910K$16K
The Lincoln National Life Insurance CompanyCritical Illness349$132K$32K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision2,172$117K—

Pharmacy benefit estimate

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

$4.3M/ year

Estimated prescription spend: 1,822 participants × $2,371 national average per member. Usually higher once dependents are counted.

$112K–$277K/ year

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

Brands with a generic available$33K–$82K
Lower-cost therapeutic alternatives$48K–$100K
Generic pricing vs. actual cost$21K–$62K
PBM contract terms$11K–$32K
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
Signode Industrial Group LLC
Sponsor EIN
80-0935607
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 80-0935607 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Signode Industrial Group LLC Retirement Plan
Type
401(k) plan
Participants
2,370

About this data

Source: Signode Industrial Group 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 Signode Industrial Group LLC.

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