Enkei America, Inc.

Columbus, IN ManufacturingNAICS 331310

Self-funded health planPlan year 2024Renews July
692ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#70 of 93Manufacturing in INBy participants

Overview

Enkei America, Inc. sponsors a self-funded health plan that covered 692 participants in plan year 2024. The plan year starts in July. 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
692
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Enkei America, Inc. Employee Benefit Plan, plan 501 (692 participants)
Broker compensation
$82K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaLife, Short-term disability, Long-term disability619$311K$77K
Metropolitan Life Insurance CompanyVision955$51K$5K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 692 participants × $2,371 national average per member. Usually higher once dependents are counted.

$43K–$105K/ year

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

Brands with a generic available$12K–$31K
Lower-cost therapeutic alternatives$18K–$38K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Enkei America, Inc.
Sponsor EIN
35-1656521
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-1656521 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Enkei America, Inc. Savings Plan
Type
401(k) plan
Participants
728

About this data

Source: Enkei America, Inc.'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 Enkei America, Inc..

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