Wellborn Cabinet Inc.

Ashland, AL ManufacturingNAICS 321210

Self-funded health planPlan year 2025Renews January
954Participants-2% vs. prior year
$2.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#21 of 29Manufacturing in ALBy participants

Overview

Wellborn Cabinet Inc. sponsors a self-funded health plan that covered 954 participants in plan year 2025, down 2% 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
954 · prior year 974
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Wellborn Cabinet Inc. Medical Plan, plan 501 (954 participants)
Stop-loss carrier
Tokio Marine HCC
Broker compensation
$298K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLong-term disability, Life, Voluntary Accident Insurance, Voluntary AD&D, Voluntary Critical Illness, Short-term disability, Vision1,771$1.1M$183K
Tokio Marine HCCStop-loss1,071$509K$69K
Global Life and Accident Insurance CompanyShort-term disability1,072$305K$46K

Pharmacy benefit estimate

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

$2.3M/ year

Estimated prescription spend: 954 participants × $2,371 national average per member. Usually higher once dependents are counted.

$59K–$145K/ year

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

Brands with a generic available$17K–$43K
Lower-cost therapeutic alternatives$25K–$52K
Generic pricing vs. actual cost$11K–$33K
PBM contract terms$6K–$17K
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
Wellborn Cabinet Inc.
Sponsor EIN
63-0622867
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 63-0622867 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Wellborn Cabinet, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
1,754

About this data

Source: Wellborn Cabinet 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 Wellborn Cabinet Inc..

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