Winpak Holdings, Ltd.

Chicago Heights, IL ManufacturingNAICS 326100

Self-funded health planPlan year 2025Renews January
1,180Participants-1% vs. prior year
$2.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#70 of 122Manufacturing in ILBy participants

Overview

Winpak Holdings, Ltd. sponsors a self-funded health plan that covered 1,180 participants in plan year 2025, about the same as 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
1,180 · prior year 1,192
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Winpak Consolidated Health & Welfare Plan, plan 504 (1,180 participants)
Stop-loss carrier
HM Life Insurance Company
Broker compensation
$52K across insured contracts
MedicalLife insuranceDentalVisionShort-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
Life Insurance Company of North AmericaLife, Short-term disability, Long-term disability, Accidental Death & Dismemberment2,193$1.6M$32K
HM Life Insurance CompanyStop-loss1,019$1.2M—
Eyemed Vision CareVision1,986$127K$14K
Unum Life Insurance Company of AmericaGroup Accident & Group Critical Illness388$122K$4K
The Guardian Life Insurance Company of AmericaDental670$51K$3K

Pharmacy benefit estimate

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

$2.8M/ year

Estimated prescription spend: 1,180 participants × $2,371 national average per member. Usually higher once dependents are counted.

$73K–$179K/ year

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

Brands with a generic available$21K–$53K
Lower-cost therapeutic alternatives$31K–$65K
Generic pricing vs. actual cost$13K–$40K
PBM contract terms$7K–$21K
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
Winpak Holdings, Ltd.
Sponsor EIN
98-0087331
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 98-0087331 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Winpak Holdings, Ltd.'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 Winpak Holdings, Ltd..

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