Jtekt North America Corporation

Greenville, SC ManufacturingNAICS 332700

Self-funded health planPlan year 2025Renews January
4,312Participants-2% vs. prior year
$10.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 33Manufacturing in SCBy participants

Overview

Jtekt North America Corporation sponsors a self-funded health plan that covered 4,312 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
4,312 · prior year 4,387
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Jtekt North America Group Health & Welfare Plan, plan 501 (4,312 participants)
Broker compensation
$560K 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
Reliastar Life Insurance CompanyLife, Long-term disability8,438$4.6M$488K
Ameritas Life Insurance CorporationVision7,051$536K$55K
Life Insurance Company of North AmericaBusiness Travel Accident4,046$7K—

Pharmacy benefit estimate

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

$10.2M/ year

Estimated prescription spend: 4,312 participants × $2,371 national average per member. Usually higher once dependents are counted.

$266K–$655K/ year

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

Brands with a generic available$78K–$194K
Lower-cost therapeutic alternatives$113K–$237K
Generic pricing vs. actual cost$49K–$147K
PBM contract terms$26K–$77K
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
Jtekt North America Corporation
Sponsor EIN
22-2896829
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-2896829 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Jtekt North America Corporation'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 Jtekt North America Corporation.

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