Snider Tire, Inc.

Fort Mill, SC ManufacturingNAICS 326200

Self-funded health planPlan year 2025Renews January
1,154Participants-5% vs. prior year
$2.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#15 of 33Manufacturing in SCBy participants

Overview

Snider Tire, Inc. sponsors a self-funded health plan that covered 1,154 participants in plan year 2025, down 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
1,154 · prior year 1,220
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Snider Tire, Inc. Employee Benefit Plan, plan 501 (1,154 participants)
Broker compensation
$278K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath 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, Short-term disability, Long-term disability1,136$982K$203K
Delta Dental of North CarolinaDental1,343$468K$50K
Metropolitan Life Insurance CompanyVision1,581$97K$10K
Unum Insurance CompanyCritical Illness158$68K$15K

Pharmacy benefit estimate

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

$2.7M/ year

Estimated prescription spend: 1,154 participants × $2,371 national average per member. Usually higher once dependents are counted.

$71K–$175K/ year

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

Brands with a generic available$21K–$52K
Lower-cost therapeutic alternatives$30K–$63K
Generic pricing vs. actual cost$13K–$39K
PBM contract terms$7K–$21K
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
Snider Tire, Inc.
Sponsor EIN
56-0579497
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0579497 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Snider Tire, Inc. Profit Sharing and Salary Deferral Savings Plan
Type
401(k) plan
Participants
1,347

About this data

Source: Snider Tire, 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 Snider Tire, Inc..

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