Mcmaster-Carr Supply Company

Elmhurst, IL Wholesale tradeNAICS 423990

Self-funded health planPlan year 2025Renews January
5,445Participants+1% vs. prior year
$12.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 29Wholesale trade in ILBy participants

Overview

Mcmaster-Carr Supply Company sponsors a self-funded health plan that covered 5,445 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
5,445 · prior year 5,399
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Mcmaster-Carr Supply Company Group Insurance Program, plan 501 (5,445 participants)
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life InsuranceLife, Long-term disability4,534$2.6M—

Pharmacy benefit estimate

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

$12.9M/ year

Estimated prescription spend: 5,445 participants × $2,371 national average per member. Usually higher once dependents are counted.

$336K–$828K/ year

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

Brands with a generic available$98K–$245K
Lower-cost therapeutic alternatives$143K–$300K
Generic pricing vs. actual cost$62K–$186K
PBM contract terms$32K–$97K
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
Mcmaster-Carr Supply Company
Sponsor EIN
36-1458720
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-1458720 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Mcmaster-Carr Supply Company Profit Sharing Trust
Type
Defined contribution plan
Participants
5,485

About this data

Source: Mcmaster-Carr Supply Company'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 Mcmaster-Carr Supply Company.

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