Innovative Xcessories & Services, LLC

Sterling Heights, MI ManufacturingNAICS 336210

Self-funded health planPlan year 2025Renews January
1,901Participants-4% vs. prior year
$4.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#45 of 138Manufacturing in MIBy participants

Overview

Innovative Xcessories & Services, LLC sponsors a self-funded health plan that covered 1,901 participants in plan year 2025, down 4% 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
1,901 · prior year 1,982
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Innovative Xcessories & Services, LLC Welfare Benefit Plan, plan 501 (1,901 participants)
Broker compensation
$194K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Guardian Life Insurance CompanyLife, Short-term disability, Long-term disability1,901$1.4M$178K
Pre-Paid Legal Services Inc. DBA LegalshieldLegal187$51K$17K

Pharmacy benefit estimate

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

$4.5M/ year

Estimated prescription spend: 1,901 participants × $2,371 national average per member. Usually higher once dependents are counted.

$117K–$289K/ year

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

Brands with a generic available$34K–$86K
Lower-cost therapeutic alternatives$50K–$105K
Generic pricing vs. actual cost$22K–$65K
PBM contract terms$11K–$34K
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
Innovative Xcessories & Services, LLC
Sponsor EIN
20-3333753
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-3333753 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Innovative Xcessories & Services, LLC 401(k) Plan
Type
401(k) plan
Participants
2,220

About this data

Source: Innovative Xcessories & Services, 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 Innovative Xcessories & Services, LLC.

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