Dwyer Instruments, LLC

Michigan City, IN ManufacturingNAICS 334500

Self-funded health planPlan year 2025Renews January
1,467Participants+36% vs. prior year
$3.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#36 of 93Manufacturing in INBy participants

Overview

Dwyer Instruments, LLC sponsors a self-funded health plan that covered 1,467 participants in plan year 2025, up 36% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,467 · prior year 1,081
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Dwyer Instruments, LLC Master Welfare Plan, plan 501 (1,467 participants)
Broker compensation
$60K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyLife, Long-term disability1,467$712K$36K
Unum Insurance CompanyAccident, Hospital, Critical Illness428$243K$21K
Eyemed Vision CareVision1,068$92K—
Metropolitan General Insurance CompanyLegal126$33K$3K

Pharmacy benefit estimate

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

$3.5M/ year

Estimated prescription spend: 1,467 participants × $2,371 national average per member. Usually higher once dependents are counted.

$90K–$223K/ year

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

Brands with a generic available$26K–$66K
Lower-cost therapeutic alternatives$39K–$81K
Generic pricing vs. actual cost$17K–$50K
PBM contract terms$9K–$26K
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
Dwyer Instruments, LLC
Sponsor EIN
35-0961454
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-0961454 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Dwyeromega Safe Harbor 401(k) Plan
Type
401(k) plan
Participants
2,014

About this data

Source: Dwyer Instruments, LLC'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 Dwyer Instruments, LLC.

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