Geon Performance Solutions, LLC

Westlake, OH ManufacturingNAICS 325900

Self-funded health planPlan year 2025Renews January
650Participants-11% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#110 of 147Manufacturing in OHBy participants

Overview

Geon Performance Solutions, LLC sponsors a self-funded health plan that covered 650 participants in plan year 2025, down 11% 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
650 · prior year 730
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Geon Performance Solutions, LLC Health and Welfare Program, plan 501 (650 participants)
Broker compensation
$32K 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
Lincoln National Life Insurance CompanyLife, Long-term disability617$509K$16K
Delta Dental of OhioDental1,139$311K$263
Reliastar Life Insurance CompanyAccident, Critical Illness, Hospital220$112K$16K
Eyemed Vision Care on Behalf of the Fidelity Security Life Ins. Co.Vision1,028$74K—
Allone HealthEmployee Assistance Program650$14K—
Federal Insurance CompanyBusiness Travel Accident650$2K$344

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 650 participants × $2,371 national average per member. Usually higher once dependents are counted.

$40K–$99K/ year

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

Brands with a generic available$12K–$29K
Lower-cost therapeutic alternatives$17K–$36K
Generic pricing vs. actual cost$7K–$22K
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
Geon Performance Solutions, LLC
Sponsor EIN
84-3122624
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 84-3122624 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Geon Performance Solutions 401(k) Plan
Type
401(k) plan
Participants
1,019

About this data

Source: Geon Performance Solutions, 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 Geon Performance Solutions, LLC.

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