Commercial Plastics

Mundelein, IL ManufacturingNAICS 326100

Self-funded health planPlan year 2024Renews May
532ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#117 of 122Manufacturing in ILBy participants

Overview

Commercial Plastics sponsors a self-funded health plan that covered 532 participants in plan year 2024. The plan year starts in May. 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
532
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Commercial Plastics Welfare Benefit Plan, plan 501 (532 participants)
Broker compensation
$8K 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
Hartford Life and AccidentLife, Short-term disability, Long-term disability520$49K$4K
The Guardian Life Insurance Company of AmericaDental321$40K$3K
EyemedVision387$4K$421

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 532 participants × $2,371 national average per member. Usually higher once dependents are counted.

$33K–$81K/ year

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

Brands with a generic available$10K–$24K
Lower-cost therapeutic alternatives$14K–$29K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 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
Commercial Plastics
Sponsor EIN
26-0723741
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-0723741 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Commercial Plastics Company 401(k) & Profit Sharing Plan
Type
401(k) plan
Participants
663

About this data

Source: Commercial Plastics'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 Commercial Plastics.

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