Wolverine Packing Company

Detroit, MI ManufacturingNAICS 311610

Self-funded health planPlan year 2024Renews June
628ParticipantsFirst year on file
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#120 of 138Manufacturing in MIBy participants

Overview

Wolverine Packing Company sponsors a self-funded health plan that covered 628 participants in plan year 2024. The plan year starts in June. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
628
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Wolverine Packing Company Employee Benefit Plan, plan 501 (628 participants)
Broker compensation
$51K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
American United Life Insurance CompanyLife, Long-term disability628$205K$51K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 628 participants × $2,371 national average per member. Usually higher once dependents are counted.

$39K–$95K/ year

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

Brands with a generic available$11K–$28K
Lower-cost therapeutic alternatives$17K–$35K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Wolverine Packing Company
Sponsor EIN
38-1901974
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-1901974 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Wolverine Packing Company Production Employees Plan
Type
401(k) plan
Participants
261

About this data

Source: Wolverine Packing Company'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 Wolverine Packing Company.

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