Aluminum Precision Products, Inc.

Santa ANA, CA ManufacturingNAICS 332900

Self-funded health planPlan year 2024Renews July
584ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#54 of 61Manufacturing in CABy participants

Overview

Aluminum Precision Products, Inc. sponsors a self-funded health plan that covered 584 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, dental, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
584
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Aluminum Precision Products, Inc. Employee Benefits Plan, plan 501 (584 participants)
Broker compensation
$5K across insured contracts
MedicalLife insuranceDentalLong-term disabilityOther 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, Life581$258K$5K
Delta Dental of CaliforniaDental67$11K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 584 participants × $2,371 national average per member. Usually higher once dependents are counted.

$36K–$89K/ year

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

Brands with a generic available$11K–$26K
Lower-cost therapeutic alternatives$15K–$32K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Aluminum Precision Products, Inc.
Sponsor EIN
95-2400026
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-2400026 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Aluminum Precision Products, Inc. Employee Stock Ownership Plan
Type
Defined contribution plan
Participants
1,002

About this data

Source: Aluminum Precision Products, Inc.'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 Aluminum Precision Products, Inc..

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