Keyence Corporation of America

Itasca, IL Wholesale tradeNAICS 423800

Self-funded health planPlan year 2025Renews January
1,689Participants+0% vs. prior year
$4.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#11 of 29Wholesale trade in ILBy participants

Overview

Keyence Corporation of America sponsors a self-funded health plan that covered 1,689 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
1,689 · prior year 1,683
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Keyence Corporation of America Group Insurance Plan, plan 501 (1,689 participants)
Broker compensation
$53 across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental2,312$804K$53
Dearborn Life Insurance CompanyLife, Short-term disability, Long-term disability1,732$382K—
Vision Service PlanVision1,254$142K—
Cigna Health and Life Insurance CompanyAccidental Injury, Critical Illness488$93K—
Metropolitan General Insurance CompanyLegal357$76K—

Pharmacy benefit estimate

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

$4.0M/ year

Estimated prescription spend: 1,689 participants × $2,371 national average per member. Usually higher once dependents are counted.

$104K–$257K/ year

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

Brands with a generic available$30K–$76K
Lower-cost therapeutic alternatives$44K–$93K
Generic pricing vs. actual cost$19K–$58K
PBM contract terms$10K–$30K
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
Keyence Corporation of America
Sponsor EIN
33-0087345
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 33-0087345 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Keyence Corporation of America Savings Plan
Type
401(k) plan
Participants
2,116

About this data

Source: Keyence Corporation of America'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 Keyence Corporation of America.

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