Meritor, Inc.

Troy, MI ManufacturingNAICS 336300

Self-funded health planPlan year 2024Renews January
1,221ParticipantsFirst year on file
$2.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#77 of 138Manufacturing in MIBy participants

Overview

Meritor, Inc. sponsors a self-funded health plan that covered 1,221 participants in plan year 2024. The plan year starts in January.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,221
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Meritor Retirees' Health Benefit Plan, plan 505 (1,221 participants)
MedicalOther welfare benefits

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,221 participants × $2,371 national average per member. Usually higher once dependents are counted.

$75K–$186K/ year

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

Brands with a generic available$22K–$55K
Lower-cost therapeutic alternatives$32K–$67K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
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 2024
Plan sponsor
Meritor, Inc.
Sponsor EIN
38-3354643
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-3354643 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Meritor, Inc. Retirement Plan
Type
Pension plan
Participants
9,980

About this data

Source: Meritor, Inc.'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 Meritor, Inc..

Request a correction · Methodology