Instrumentation Laboratory Company

Bedford, MA ManufacturingNAICS 339110

Self-funded health planPlan year 2025Renews January
2,607Participants+7% vs. prior year
$6.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 48Manufacturing in MABy participants

Overview

Instrumentation Laboratory Company sponsors a self-funded health plan that covered 2,607 participants in plan year 2025, up 7% 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
2,607 · prior year 2,443
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Instrumentation Laboratory Company, plan 503 (2,607 participants)
Broker compensation
$64K 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
Sun Life Assurance Company of CanadaLife, Long-term disability2,571$1.4M$63K
Vision Service PlanVision2,164$204K—
Magellan Health Services Inc.Employee Assistance Program (EAP)2,527$55K—
National Union Fire Insurance Company of Pittsburgh, PABusiness Travel Accident2,607$3K$445

Pharmacy benefit estimate

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

$6.2M/ year

Estimated prescription spend: 2,607 participants × $2,371 national average per member. Usually higher once dependents are counted.

$161K–$396K/ year

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

Brands with a generic available$47K–$117K
Lower-cost therapeutic alternatives$69K–$143K
Generic pricing vs. actual cost$30K–$89K
PBM contract terms$15K–$46K
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
Instrumentation Laboratory Company
Sponsor EIN
02-0448199
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 02-0448199 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Werfen 401(k) Savings Plan
Type
401(k) plan
Participants
4,335

About this data

Source: Instrumentation Laboratory Company'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 Instrumentation Laboratory Company.

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