Mazak Corporation

Florence, KY ManufacturingNAICS 333200

Self-funded health planPlan year 2025Renews April
927Participants+2% vs. prior year
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#16 of 33Manufacturing in KYBy participants

Overview

Mazak Corporation sponsors a self-funded health plan that covered 927 participants in plan year 2025, up 2% from the prior year. The plan year starts in April. 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
927 · prior year 906
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Mazak Corporation Health & Benefits Plan, plan 501 (927 participants)
Broker compensation
$155K 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
Reliastar Life Insurance CompanyLife, Short-term disability, Long-term disability1,574$1.3M$153K
United Healthcare Insurance CompanyVision1,663$85K—
Pre-Paid Legal Services Inc. DBA LegalshieldLegal58$12K$1K
Federal Insurance CompanyBusiness Travel Accident864——

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 927 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$141K/ year

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

Brands with a generic available$17K–$42K
Lower-cost therapeutic alternatives$24K–$51K
Generic pricing vs. actual cost$11K–$32K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Mazak Corporation
Sponsor EIN
11-2161864
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-2161864 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Mazak Employee Shared Savings Plan
Type
401(k) plan
Participants
1,111

About this data

Source: Mazak 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 Mazak Corporation.

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