Masonite Corporation
Overview
Masonite Corporation sponsors a self-funded health plan that covered 6,734 participants in plan year 2024. 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
- 6,734
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Masonite Corporation and Subsidiaries Welfare Benefit Plan, plan 550 (6,734 participants)
- Broker compensation
- $222K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Short-term disability, Long-term disability, Life | 6,118 | $2.4M | $127K |
| American Heritage Life Insurance Company | Accident, Critical Illness, Hospital Indemnity | 1,155 | $520K | $91K |
| ComPsych Corporation | Employee Assistance Program | 6,137 | $91K | — |
| Federal Insurance Company | Business Travel Accident | 4,942 | $8K | $2K |
| Four Ever Life Insurance Company | Business Travel Accident | 4,942 | $6K | $875 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 6,734 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Masonite Corporation
- Sponsor EIN
- 64-0198020
- Plan number
- 550
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 64-0198020 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Masonite Savings Plan
- Type
- 401(k) plan
- Participants
- 6,758
About this data
Source: Masonite Corporation'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 Masonite Corporation.