GT Technologies Inc.

Westland, MI ManufacturingNAICS 325900

Self-funded health planPlan year 2025Renews January
635Participants0% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#119 of 138Manufacturing in MIBy participants

Overview

GT Technologies Inc. sponsors a self-funded health plan that covered 635 participants in plan year 2025, about the same as 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
635 · prior year 635
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
GT Technologies, Inc. Health Care Program, plan 501 (635 participants)
Broker compensation
$8K 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
Life Insurance Company of North AmericaAD&D, Long-term disability, Life416$358K$324
Cigna Health and Life Insurance CompanyAccidental Injury64$17K$8K
United Behavioral Health DBA OptumEAP431$12K—
Alight Solutions LLCClaims Advocacy476$5K—

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 635 participants × $2,371 national average per member. Usually higher once dependents are counted.

$39K–$97K/ year

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

Brands with a generic available$11K–$29K
Lower-cost therapeutic alternatives$17K–$35K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$11K
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
GT Technologies Inc.
Sponsor EIN
34-1526359
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1526359 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Defiance Precision Products, Inc. Pension Plan for Local 638 UAW Employees
Type
Pension plan
Participants
286

About this data

Source: GT Technologies 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 GT Technologies Inc..

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