Michels Corporation
Overview
Michels Corporation sponsors a self-funded health plan that covered 5,218 participants in plan year 2025, up 13% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 5,218 · prior year 4,601
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Michels Corporation Employee Health Insurance Plan, plan 501 (5,218 participants); Michels Corporation Section 105 Health Reimbursement Arrangement Plan, plan 565 (1,868 participants); Michels Corporation Flexible Benefit Plan, plan 503 (712 participants)
- Broker compensation
- $211K 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 |
|---|---|---|---|---|
| Life Insurance Company of North America | Short-term disability, Long-term disability, Life | 2,342 | $2.3M | $211K |
| Empathia, Inc. | Employee Assistance Program | 3,245 | $68K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 5,218 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
- Michels Corporation
- Sponsor EIN
- 39-0970311
- Plan numbers
- 501, 565, 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 39-0970311 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Michels Corporation 401(k) Savings Plan
- Type
- 401(k) plan
- Participants
- 3,992
About this data
Source: Michels Corporation'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 Michels Corporation.