Cutco Corporation

Olean, NY ManufacturingNAICS 332210

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
665Participants-3% vs. prior year
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#37 of 45Manufacturing in NYBy participants

Overview

Cutco Corporation sponsors a self-funded health plan that covered 665 participants in plan year 2025, down 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
665 · prior year 688
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Group Ins Plan for Employees of Cutco Corporation, plan 501 (665 participants)
Broker compensation
$256K across insured contracts
MedicalLife insuranceDentalVisionOther welfare benefits

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 665 participants × $2,371 national average per member. Usually higher once dependents are counted.

$41K–$101K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$18K–$37K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
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
Cutco Corporation
Sponsor EIN
16-0730167
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 16-0730167 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Cutco Corporation'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 Cutco Corporation.

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