Sylvamo North America, LLC

Memphis, TN ManufacturingNAICS 322100

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
1,537Participants-21% vs. prior year
$3.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#18 of 54Manufacturing in TNBy participants

Overview

Sylvamo North America, LLC sponsors a self-funded health plan that covered 1,537 participants in plan year 2025, down 22% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,537 · prior year 1,958
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Sylvamo Group Health and Welfare Plan, plan 540 (1,537 participants); Sylvamo Cafeteria Plan, plan 520 (159 participants)
Broker compensation
$103K across insured contracts
MedicalLife insuranceDentalShort-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
Metropolitan Life Insurance CompanyLife, Long-term disability3,040$1.5M$100K
Cigna Health and Life Insurance Company and AffiliatesDental, HMO123$21K—
Life Insurance Company of North AmericaBusiness Travel Accident1,537$16K$3K

Pharmacy benefit estimate

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

$3.6M/ year

Estimated prescription spend: 1,537 participants × $2,371 national average per member. Usually higher once dependents are counted.

$95K–$234K/ year

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

Brands with a generic available$28K–$69K
Lower-cost therapeutic alternatives$40K–$85K
Generic pricing vs. actual cost$17K–$52K
PBM contract terms$9K–$27K
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
Sylvamo North America, LLC
Sponsor EIN
47-2346896
Plan numbers
540, 520
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-2346896 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Sylvamo Savings Plan
Type
401(k) plan
Participants
2,046

About this data

Source: Sylvamo North America, 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 Sylvamo North America, LLC.

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