Metalcraft of Mayville, Inc.

Mayville, WI ManufacturingNAICS 332900

Self-funded health planPlan year 2024Renews JuneCollectively bargained
990ParticipantsFirst year on file
$2.3MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#52 of 95Manufacturing in WIBy participants

Overview

Metalcraft of Mayville, Inc. sponsors a self-funded health plan that covered 990 participants in plan year 2024. The plan year starts in June. 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
990
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Metalcraft of Mayville, Inc. Welfare Benefit Plan, plan 502 (990 participants)
Broker compensation
$70K 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
Reliancestandard Life Insurance CompanyLife, Dependent Life & Supplemental Life, Voluntary Group Accident, VOL AD&D, VOL Critical Illness, Long-term disability949$347K$66K
United Healthcare Insurance CompanyTransplant793$123K—
Vision Service PlanVision664$63K$4K

Pharmacy benefit estimate

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

$2.3M/ year

Estimated prescription spend: 990 participants × $2,371 national average per member. Usually higher once dependents are counted.

$61K–$150K/ year

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

Brands with a generic available$18K–$45K
Lower-cost therapeutic alternatives$26K–$54K
Generic pricing vs. actual cost$11K–$34K
PBM contract terms$6K–$18K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Metalcraft of Mayville, Inc.
Sponsor EIN
39-1140320
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-1140320 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Metalcraft of Mayville, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
1,205

About this data

Source: Metalcraft of Mayville, 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 Metalcraft of Mayville, Inc..

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