Soprema, Inc.

Wadsworth, OH ManufacturingNAICS 324120

Self-funded health planPlan year 2025Renews January
622Participants+12% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#116 of 147Manufacturing in OHBy participants

Overview

Soprema, Inc. sponsors a self-funded health plan that covered 622 participants in plan year 2025, up 12% 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
622 · prior year 556
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Soprema, Inc. Medical Plan, plan 501 (622 participants)
Broker compensation
$84K 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
Delta Dental of OhioDental1,479$513K$15K
Guardian Life Insurance Company of AmericaLife, Short-term disability, Long-term disability622$390K$65K
Vision Service PlanVision587$160K$3K
Impact Solutions EAPEmployee Assistance Program350$8K—

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 622 participants × $2,371 national average per member. Usually higher once dependents are counted.

$38K–$95K/ year

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

Brands with a generic available$11K–$28K
Lower-cost therapeutic alternatives$16K–$34K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
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
Soprema, Inc.
Sponsor EIN
34-1672818
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1672818 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Soprema-Convoy USA 401(k) Plan
Type
401(k) plan
Participants
955

About this data

Source: Soprema, 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 Soprema, Inc..

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