Hunter Defense Technologies, Inc.

Solon, OH ManufacturingNAICS 332900

Self-funded health planPlan year 2024Renews July
778ParticipantsFirst year on file
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#93 of 147Manufacturing in OHBy participants

Overview

Hunter Defense Technologies, Inc. sponsors a self-funded health plan that covered 778 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
778
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Hunter Defense Technologies, Inc. and Affiliated Companies Welfare Benefit Plan, plan 506 (778 participants)
Broker compensation
$34K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability, Group Accident, Critical Illness, Hospital, Grphspvoen742$1.2M$34K
Delta Dental of OhioDental1,252$351K—
Eyemed Vision Care on Behalf of the Fidelity Security Life Ins. Co.Vision1,196$49K—

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 778 participants × $2,371 national average per member. Usually higher once dependents are counted.

$48K–$118K/ year

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

Brands with a generic available$14K–$35K
Lower-cost therapeutic alternatives$20K–$43K
Generic pricing vs. actual cost$9K–$27K
PBM contract terms$5K–$14K
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
Hunter Defense Technologies, Inc.
Sponsor EIN
13-4133473
Plan number
506
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-4133473 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hunter Defense Technologies Inc. 401k Retirement Plan
Type
401(k) plan
Participants
1,487

About this data

Source: Hunter Defense Technologies, 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 Hunter Defense Technologies, Inc..

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