Metal Powder Products, LLC

Noblesville, IN ManufacturingNAICS 332700

Self-funded health planPlan year 2025Renews January
727Participants+3% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#66 of 93Manufacturing in INBy participants

Overview

Metal Powder Products, LLC sponsors a self-funded health plan that covered 727 participants in plan year 2025, up 3% 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
727 · prior year 707
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Metal Powder Products, LLC Welfare Benefit Plan, plan 502 (727 participants)
Broker compensation
$81K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLife, Long-term disability727$307K$36K
Combined Insurance Company of AmericaAccident, Critical Illness, Hospital345$91K$44K
Anthem Insurance Companies, Inc.Vision733$55K$438
BHSEmployee Assistance Program832$15K—

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 727 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$110K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
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
Metal Powder Products, LLC
Sponsor EIN
35-2048692
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-2048692 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Metal Powder Products 401(k) Plan
Type
401(k) plan
Participants
694

About this data

Source: Metal Powder Products, LLC'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 Metal Powder Products, LLC.

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