Kurita America Inc.

Minneapolis, MN UtilitiesNAICS 221300

Self-funded health planPlan year 2025Renews January
544Participants+4% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 3Utilities in MNBy participants

Overview

Kurita America Inc. sponsors a self-funded health plan that covered 544 participants in plan year 2025, up 4% 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
544 · prior year 523
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Kurita America Inc. Flexible Benefit Plan, plan 501 (544 participants)
Broker compensation
$94K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
New York Life Group Insurance Company of New YorkLife, Short-term disability, Long-term disability544$466K$92K
Eyemed Vision Care on Behalf of the Fidelity Security Life Insurance CVision872$39K—
The Lincoln National Life Insurance CompanyAccidental Injury, Critical Illness156$4K$2K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 544 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$83K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$14K–$30K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Kurita America Inc.
Sponsor EIN
41-1255017
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-1255017 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Kurita America Inc. Retirement Savings Plan
Type
401(k) plan
Participants
824

About this data

Source: Kurita America Inc.'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 Kurita America Inc..

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