Meteor Sealing System, LLC

Dover, OH ManufacturingNAICS 326100

Self-funded health planPlan year 2024Renews January
566ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#133 of 147Manufacturing in OHBy participants

Overview

Meteor Sealing System, LLC sponsors a self-funded health plan that covered 566 participants in plan year 2024. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, vision, long-term disability, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
566
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Meteor Sealing System, LLC Welfare Benefit Plan, plan 501 (566 participants)
Stop-loss carrier
THP Insurance Company
Broker compensation
$16K across insured contracts
MedicalLife insuranceVisionLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
THP Insurance CompanyMedical, Dental, Stop-loss466$774K—
American United Life Insurance CompanyLife, Long-term disability413$134K$16K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 566 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$86K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$31K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Meteor Sealing System, LLC
Sponsor EIN
34-1866589
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1866589 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Meteor North America 401(k) Savings Plan
Type
401(k) plan
Participants
620

About this data

Source: Meteor Sealing System, LLC'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 Meteor Sealing System, LLC.

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