Southwire Company, LLC

Carrollton, GA ManufacturingNAICS 332610

Self-funded health planPlan year 2025Renews January
8,213Participants+1% vs. prior year
$19.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 82Manufacturing in GABy participants

Overview

Southwire Company, LLC sponsors a self-funded health plan that covered 8,213 participants in plan year 2025, about the same as 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
8,213 · prior year 8,132
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Southwire Company and Affiliates Employee Health &, plan 503 (8,213 participants); Southwire Company Retiree Health Plan, plan 513 (22 participants)
Broker compensation
$1.3M 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
Prudential Insurance Company of AmericaLife9,906$4.6M$457K
Lincoln National Life Insurance CompanyLong-term disability, Short-term disability4,887$2.4M$252K
Reliastar Life Insurance CompanyACC & CI4,406$1.7M$434K
UnitedHealthcare Insurance CompanyVision6,033$945K$92K
Spring HealthEAP1,757$669K—
Blue Cross of California (g0200)HMO29$404K$10K
Zurich American Insurance CompanyAD&D6,833$21K$5K
Standard Insurance CompanyShort-term disability36$12K$1K

Pharmacy benefit estimate

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

$19.5M/ year

Estimated prescription spend: 8,213 participants × $2,371 national average per member. Usually higher once dependents are counted.

$506K–$1.2M/ year

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

Brands with a generic available$148K–$370K
Lower-cost therapeutic alternatives$216K–$452K
Generic pricing vs. actual cost$93K–$280K
PBM contract terms$49K–$146K
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
Southwire Company, LLC
Sponsor EIN
58-2020515
Plan numbers
503, 513
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-2020515 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Southwire Company Hourly 401(k) Plan
Type
401(k) plan
Participants
6,816

About this data

Source: Southwire Company, 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 Southwire Company, LLC.

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