Kobelco Aluminum Automotive Products, LLC

Bowling Green, KY ManufacturingNAICS 336300

Self-funded health planPlan year 2024Renews October
1,238ParticipantsFirst year on file
$2.9MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#14 of 33Manufacturing in KYBy participants

Overview

Kobelco Aluminum Automotive Products, LLC sponsors a self-funded health plan that covered 1,238 participants in plan year 2024. The plan year starts in October. 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
1,238
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Kobe Aluminum Automotive Products, LLC Employee Benefits Plan, plan 501 (1,238 participants)
Broker compensation
$119K 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
Symetra Life Insurance CompanyLife, Short-term disability, Long-term disability929$764K$76K
Humana Health Plan, Inc.Dental, Vision839$421K$43K

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,238 participants × $2,371 national average per member. Usually higher once dependents are counted.

$76K–$188K/ year

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

Brands with a generic available$22K–$56K
Lower-cost therapeutic alternatives$33K–$68K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Kobelco Aluminum Automotive Products, LLC
Sponsor EIN
43-2019796
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 43-2019796 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Kobe Aluminum Automotive Products, LLC Retirement Savings Plan
Type
401(k) plan
Participants
782

About this data

Source: Kobelco Aluminum Automotive Products, LLC's Form 5500 filing for plan year 2024 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 Kobelco Aluminum Automotive Products, LLC.

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