Swva, Inc.

Huntington, WV ManufacturingNAICS 331110

Self-funded health planPlan year 2024Renews OctoberCollectively bargained
598ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#1 of 1Manufacturing in WVBy participants

Overview

Swva, Inc. sponsors a self-funded health plan that covered 598 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, short-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
598
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Swva, Inc. Employee Health Care Plan, plan 506 (598 participants)
Broker compensation
$39K across insured contracts
MedicalLife insuranceShort-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance Company—581$697K$36K
The HartfordLife596$160K$3K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 598 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$91K/ 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–$20K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Swva, Inc.
Sponsor EIN
55-0621605
Plan number
506
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 55-0621605 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Swva, Inc. Collective Bargaining Unit Retirement Plan
Type
401(k) plan
Participants
624

About this data

Source: Swva, Inc.'s Form 5500 filing for plan year 2024 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 Swva, Inc..

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