Indiana Automotive Fasteners, Inc.

Greenfield, IN ManufacturingNAICS 336300

Self-funded health planPlan year 2025Renews January
859Participants+2% vs. prior year
$2.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#59 of 93Manufacturing in INBy participants

Overview

Indiana Automotive Fasteners, Inc. sponsors a self-funded health plan that covered 859 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
859 · prior year 844
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Indiana Automotive Fasteners Welfare Benefit Plan, plan 505 (859 participants)
Broker compensation
$105K 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 AmericaLife, Short-term disability, Long-term disability859$910K$96K
Eyemed Vision Care on Behalf of the Fidelity Security Life Ins. Co.Vision1,266$89K$9K

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 859 participants × $2,371 national average per member. Usually higher once dependents are counted.

$53K–$131K/ year

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

Brands with a generic available$15K–$39K
Lower-cost therapeutic alternatives$23K–$47K
Generic pricing vs. actual cost$10K–$29K
PBM contract terms$5K–$15K
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
Indiana Automotive Fasteners, Inc.
Sponsor EIN
35-1971106
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-1971106 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Indiana Automotive Fasteners, Inc. Team Members 401(k) Plan
Type
401(k) plan
Participants
1,124

About this data

Source: Indiana Automotive Fasteners, 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 Indiana Automotive Fasteners, Inc..

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