SP Holdings, Inc.

Renton, WA ManufacturingNAICS 322200

Self-funded health planPlan year 2025Renews May
604Participants+47% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#26 of 33Manufacturing in WABy participants

Overview

SP Holdings, Inc. sponsors a self-funded health plan that covered 604 participants in plan year 2025, up 47% from the prior year. The plan year starts in May. Alongside medical, its benefits filing reports life insurance, dental, vision.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
604 · prior year 411
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
SP Holdings, Inc. Health Plan, plan 504 (604 participants)
Broker compensation
$48K across insured contracts
MedicalLife insuranceDentalVisionOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife422$311K$39K
Vision Service PlanVision594$86K$9K
Curalinc LLCEmployee Assistance Program604$13K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 604 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$92K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
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 May 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
SP Holdings, Inc.
Sponsor EIN
91-0818516
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 91-0818516 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
SP Holdings, Inc. 401(k) Plan
Type
401(k) plan
Participants
610

About this data

Source: SP Holdings, 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 SP Holdings, Inc..

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