The Sherwin-Williams Company

Cleveland, OH ManufacturingNAICS 325500

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
3,704Participants+5% vs. prior year
$8.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#18 of 147Manufacturing in OHBy participants

Overview

The Sherwin-Williams Company sponsors a self-funded health plan that covered 3,704 participants in plan year 2025, up 5% from 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
3,704 · prior year 3,524
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Sherwin-Williams Company Retiree Medical Plan, plan 655 (3,704 participants)
Broker compensation
$6.0M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaShort-term disability, Life40,439$20.7M$5.6M
Kaiser Foundation Health Plan Inc.Medical, Prescription drug, Vision, HMO922$5.9M$63K
Hartford Life and AccidentLong-term disability5,066$3.8M$153K
Aetna Life Insurance Co.PPO, Dental3,342$3.8M$9K
Eyemed Vision CareVision54,827$3.2M—
Kaiser Foundation Health Plan of the NorthwestMedical, Prescription drug, Vision, HMO230$1.4M$3K
Kaiser Foundation Health Plan of GeorgiaMedical, Prescription drug, Vision, HMO187$1.2M$3K
Kaiser Permanente Health Plan Inc.Medical, Prescription drug, Vision, HMO108$939K$9K
Curalinc, LLC, D.b.a. Curalinc HealthcareEAP63,947$728K—
MCS Life Insurance CompanyMedical153$666K$33K
Kaiser Foundation Health Plan of HawaiiMedical, HMO107$652K$6K
Kaiser Foundation Health Plan of the Mid-AtlanticMedical, HMO54$378K$3K

Pharmacy benefit estimate

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

$8.8M/ year

Estimated prescription spend: 3,704 participants × $2,371 national average per member. Usually higher once dependents are counted.

$228K–$563K/ year

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

Brands with a generic available$67K–$167K
Lower-cost therapeutic alternatives$97K–$204K
Generic pricing vs. actual cost$42K–$126K
PBM contract terms$22K–$66K
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
The Sherwin-Williams Company
Sponsor EIN
34-0526850
Plan number
655
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-0526850 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Sherwin-Williams Company 401(k) Plan
Type
401(k) plan
Participants
62,829

About this data

Source: The Sherwin-Williams Company'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 The Sherwin-Williams Company.

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