Stratas Foods LLC

Cordova, TN ManufacturingNAICS 311900

Self-funded health planPlan year 2025Renews July
886Participants-15% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#33 of 54Manufacturing in TNBy participants

Overview

Stratas Foods LLC sponsors a self-funded health plan that covered 886 participants in plan year 2025, down 16% from the prior year. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
886 · prior year 1,048
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Stratas Foods LLC Health and Welfare Benefit Plan, plan 508 (886 participants)
Broker compensation
$44K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaBusiness Travel Accident, Life, Long-term disability886$684K$41K
National Union Fire Insurance Company of Pittsburgh, PAAccidental Death and Dismemberment926$18K$3K
Evernorth Behavioral Health, Inc.Employee Assistance Program841$16K—
Cigna Health and Life Insurance CompanyEmployee Assistance Program185$1K—

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 886 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$135K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$23K–$49K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Stratas Foods LLC
Sponsor EIN
90-0426828
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 90-0426828 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Stratas Foods LLC Retirement Plan
Type
401(k) plan
Participants
1,317

About this data

Source: Stratas Foods 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 Stratas Foods LLC.

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