Exel Inc.

Westerville, OH Transportation & logisticsNAICS 488990

Self-funded health planPlan year 2025Renews January
38,935Participants-22% vs. prior year
$92.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 23Transportation & logistics in OHBy participants

Overview

Exel Inc. sponsors a self-funded health plan that covered 38,935 participants in plan year 2025, down 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
38,935 · prior year 49,779
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Supply Chain Group Benefit Plan, plan 520 (38,935 participants)
Broker compensation
$178K 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
Metropolitan Life Insurance CompanyLife, Vision, Long-term disability46,851$13.0M$178K
Vision Service PlanVision14,477$3.2M—

Pharmacy benefit estimate

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

$92.3M/ year

Estimated prescription spend: 38,935 participants × $2,371 national average per member. Usually higher once dependents are counted.

$2.4M–$5.9M/ year

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

Brands with a generic available$702K–$1.8M
Lower-cost therapeutic alternatives$1.0M–$2.1M
Generic pricing vs. actual cost$443K–$1.3M
PBM contract terms$231K–$692K
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
Exel Inc.
Sponsor EIN
04-2801160
Plan number
520
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2801160 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Supply Chain Retirement Savings Plan
Type
401(k) plan
Participants
39,585

About this data

Source: Exel 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 Exel Inc..

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