Southern Pipe and Supply Co., Inc.

Meridian, MS Wholesale tradeNAICS 423700

Self-funded health planPlan year 2025Renews January
1,112Participants+21% vs. prior year
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 1Wholesale trade in MSBy participants

Overview

Southern Pipe and Supply Co., Inc. sponsors a self-funded health plan that covered 1,112 participants in plan year 2025, up 21% 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
1,112 · prior year 923
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Southern Pipe & Supply Co., Inc. Wrap Plan, plan 502 (1,112 participants)
Broker compensation
$404K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United Healthcare Insurance Company Hartford CTStop Loss921$1.1M$163K
Life Insurance Company of North AmericaLife, Long-term disability, Bacc & Vacc, Short-term disability1,112$914K$137K
GuardianDental844$448K$45K
MetLife Insurance CompanyGroup Cancer286$175K$35K
Starmount Life Insurance CompanyVision806$102K$13K
Unum Life Insurance Company of AmericaGroup Accident391$8K$11K
Rxbenefits,incPrescription drug922——
United Behavioral Health DBA OptumNot Specified1,215——

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,112 participants × $2,371 national average per member. Usually higher once dependents are counted.

$69K–$169K/ year

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

Brands with a generic available$20K–$50K
Lower-cost therapeutic alternatives$29K–$61K
Generic pricing vs. actual cost$13K–$38K
PBM contract terms$7K–$20K
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
Southern Pipe and Supply Co., Inc.
Sponsor EIN
64-0291778
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 64-0291778 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Southern Pipe & Supply Co., Inc. 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
1,465

About this data

Source: Southern Pipe and Supply Co., 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 Southern Pipe and Supply Co., Inc..

Request a correction · Methodology