Kraton Corporation

Jacksonville, FL ManufacturingNAICS 325200

Self-funded health planPlan year 2025Renews January
1,303Participants+10% vs. prior year
$3.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#20 of 48Manufacturing in FLBy participants

Overview

Kraton Corporation sponsors a self-funded health plan that covered 1,303 participants in plan year 2025, up 10% 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
1,303 · prior year 1,186
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Kraton Corporation Welfare Benefits Plan, plan 550 (1,303 participants)
Broker compensation
$154K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Long-term disability1,115$1.3M$90K
Metropolitan Life Insurance CompanyCritical Illness, Accident700$191K$48K
The Guardian Life Insurance Company of AmericaVision1,051$165K$10K
MetLife Legal PlansLegal305$41K—
Ace American Insurance CompanyAD&D1,173$29K$6K

Pharmacy benefit estimate

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

$3.1M/ year

Estimated prescription spend: 1,303 participants × $2,371 national average per member. Usually higher once dependents are counted.

$80K–$198K/ year

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

Brands with a generic available$23K–$59K
Lower-cost therapeutic alternatives$34K–$72K
Generic pricing vs. actual cost$15K–$44K
PBM contract terms$8K–$23K
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
Kraton Corporation
Sponsor EIN
26-3739386
Plan number
550
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-3739386 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Kraton Savings Plan
Type
401(k) plan
Participants
1,569

About this data

Source: Kraton 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 Kraton Corporation.

Request a correction · Methodology