Meyer Tool, Inc.
Overview
Meyer Tool, Inc. sponsors a self-funded health plan that covered 1,207 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, vision, short-term disability, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,207 · prior year 1,224
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Meyer Tool, Inc. Employee Health Benefit Plan, plan 505 (1,207 participants); Meyer Tool, Inc. Employee Health Benefit Plan II, plan 507 (975 participants)
- Stop-loss carrier
- Sunlife Financial; Sunlife Financial
- Broker compensation
- $297K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| American Fidelity Assurance Company | Medical, Short-term disability | 771 | $1.2M | $99K |
| Sunlife Financial | Stop-loss | 975 | $1.1M | $154K |
| Metropolitan Life Insurance | Life, Long-term disability | 791 | $385K | $36K |
| Eyemed Vision Care | Vision | 845 | $128K | $8K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,207 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Meyer Tool, Inc.
- Sponsor EIN
- 31-0874289
- Plan numbers
- 505, 507
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 31-0874289 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Meyer Tool 401(k) and Profit Sharing Plan
- Type
- 401(k) plan
- Participants
- 1,665
About this data
Source: Meyer Tool, Inc.'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 Meyer Tool, Inc..