Hi-Tech Mold & Engineering, Inc.

Rochester Hills, MI ManufacturingNAICS 332900

Self-funded health planPlan year 2025Renews January
501Participants+1% vs. prior year
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#135 of 138Manufacturing in MIBy participants

Overview

Hi-Tech Mold & Engineering, Inc. sponsors a self-funded health plan that covered 501 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
501 · prior year 497
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hi-Tech Mold & Engineering, Inc. Employee Benefits Plan, plan 501 (501 participants)
Broker compensation
$94K 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 disability, Short-term disability488$296K$58K
Delta Dental of MichiganDental300$118K$5K
Vision Service PlanVision349$52K—

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 501 participants × $2,371 national average per member. Usually higher once dependents are counted.

$31K–$76K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$13K–$28K
Generic pricing vs. actual cost$6K–$17K
PBM contract terms$3K–$9K
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
Hi-Tech Mold & Engineering, Inc.
Sponsor EIN
38-2684139
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-2684139 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Schulte Controlled Group Retirement Plan
Type
401(k) plan
Participants
714

About this data

Source: Hi-Tech Mold & Engineering, 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 Hi-Tech Mold & Engineering, Inc..

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