Avanzar Interior Technologies, Ltd

Plymouth, MI ManufacturingNAICS 336300

Self-funded health planPlan year 2025Renews January
1,161Participants0% vs. prior year
$2.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#80 of 138Manufacturing in MIBy participants

Overview

Avanzar Interior Technologies, Ltd sponsors a self-funded health plan that covered 1,161 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, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,161 · prior year 1,161
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Avanzar Interiors, Ltd. Welfare Program, plan 501 (1,161 participants)
Broker compensation
$380K across insured contracts
MedicalLife insuranceDentalVisionPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLong-term disability1,128$385K$52K
Metropolitan Life Insurance CompanyLife1,586$372K$293K
Heritage Vision Plans Inc.Vision543$73K—
Metropolitan General Insurance CompanyLegal92$19K$31K
Ulliance Inc.Employee Assistance Program1,136$11K—
Ace American Insurance CompanyAccidental Death and Dismemberment1,086$2K$3K

Pharmacy benefit estimate

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

$2.8M/ year

Estimated prescription spend: 1,161 participants × $2,371 national average per member. Usually higher once dependents are counted.

$72K–$176K/ year

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

Brands with a generic available$21K–$52K
Lower-cost therapeutic alternatives$31K–$64K
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
Avanzar Interior Technologies, Ltd
Sponsor EIN
20-1818668
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-1818668 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Avanzar Interior Technologies, Ltd Savings and Investment (401k) Plan
Type
401(k) plan
Participants
1,422

About this data

Source: Avanzar Interior Technologies, 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 Avanzar Interior Technologies, Ltd.

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