CSP Innovations, Inc.

Auburn Hills, MI ManufacturingNAICS 336300

Self-funded health planPlan year 2025Renews January
3,226Participants-4% vs. prior year
$7.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#21 of 138Manufacturing in MIBy participants

Overview

CSP Innovations, Inc. sponsors a self-funded health plan that covered 3,226 participants in plan year 2025, down 4% 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
3,226 · prior year 3,342
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
CSP Innovations, Inc. Health and Welfare Benefit Plan, plan 501 (3,226 participants)
Broker compensation
$247K 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
Prudential Insurance Company of AmericaLife, Long-term disability3,123$1.9M$201K
Delta Dental of MichiganDental3,466$885K—
Eyemed Vision CareVision3,248$189K—
Hartford Life and AccidentLife3,151$151K$44K
Employee Benefits CorporationFSA251$13K—

Pharmacy benefit estimate

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

$7.6M/ year

Estimated prescription spend: 3,226 participants × $2,371 national average per member. Usually higher once dependents are counted.

$199K–$490K/ year

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

Brands with a generic available$58K–$145K
Lower-cost therapeutic alternatives$85K–$177K
Generic pricing vs. actual cost$37K–$110K
PBM contract terms$19K–$57K
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
CSP Innovations, Inc.
Sponsor EIN
52-2108862
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-2108862 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
CSP Innovations, Inc. 401(k) Plan
Type
401(k) plan
Participants
4,861

About this data

Source: CSP Innovations, Inc.'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 CSP Innovations, Inc..

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