AJM Packaging Corporation
Overview
AJM Packaging Corporation sponsors a self-funded health plan that covered 2,215 participants in plan year 2024. The plan year starts in May. Alongside medical, its benefits filing reports life insurance, vision, 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
- 2,215
- Plan year
- Begins May 1 · next renewal May 2027
- Health plans filed
- AJM Packaging Corporation Employee Benefit Plan, plan 501 (2,215 participants)
- Stop-loss carrier
- Blue Cross Blue Shield of Michigan
- Broker compensation
- $258K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Blue Cross Blue Shield of Michigan | Medical, Prescription drug, Dental, Vision, Stop-loss | 1,684 | $1.8M | $95K |
| Unum Life Insurance Company of America | Life, Long-term disability, Short-term disability, Gciee, Grpaccvoen, Grphspvoen | 1,911 | $929K | $142K |
| Provident Life and Accident Insurance Company | Short-term disability, Long-term disability, Life | 270 | $165K | $20K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,215 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- AJM Packaging Corporation
- Sponsor EIN
- 38-1556263
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 38-1556263 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- AJM Packaging Corporation 401(k) Plan
- Type
- 401(k) plan
- Participants
- 4,223
About this data
Source: AJM Packaging Corporation'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 AJM Packaging Corporation.