Cordis US Corp.

Miami Lakes, FL ManufacturingNAICS 339110

Self-funded health planPlan year 2025Renews January
1,236Participants+22% vs. prior year
$2.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#23 of 48Manufacturing in FLBy participants

Overview

Cordis US Corp. sponsors a self-funded health plan that covered 1,236 participants in plan year 2025, up 22% from the prior year. The plan year starts in January. 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
1,236 · prior year 1,011
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Cordis US Corp. Health & Welfare Plan, plan 501 (1,236 participants)
Stop-loss carrier
UnitedHealthcare Insurance Company Hartford CT; UnitedHealthcare Insurance Company
Broker compensation
$428K 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
Metropolitan Life Insurance CompanyDental, Life1,929$1.7M$290K
UnitedHealthcare Insurance Company Hartford CTStop-loss1,332$1.4M—
Kaiser Foundation Health Plan Inc.Medical84$1.4M—
Unum Life Insurance Company of AmericaShort-term disability, Flex Ltd1,454$414K$77K
UnitedHealthcare Insurance CompanyStop-loss330$355K—
Reliastar Life Insurance CompanyAccident VOL EE, Critical Illness Ee/sup951$238K$51K
Eyemed Vision CareVision1,766$101K—
Pre-Paid Legal Services Inc. DBA LegalshieldLegal Services Plan Memberships178$40K$8K

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,236 participants × $2,371 national average per member. Usually higher once dependents are counted.

$76K–$188K/ year

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

Brands with a generic available$22K–$56K
Lower-cost therapeutic alternatives$33K–$68K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
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
Cordis US Corp.
Sponsor EIN
86-3163643
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 86-3163643 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Cordis US Corp. Retirement Savings Plan
Type
401(k) plan
Participants
1,306

About this data

Source: Cordis US Corp.'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 Cordis US Corp..

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