Mimecast North America, Inc.

Lexington, MA Information & technologyNAICS 518210

Self-funded health planPlan year 2025Renews January
1,092Participants+19% vs. prior year
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 11Information & technology in MABy participants

Overview

Mimecast North America, Inc. sponsors a self-funded health plan that covered 1,092 participants in plan year 2025, up 19% 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
1,092 · prior year 918
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Mimecast North America, Inc. Health and Welfare Benefit Plan, plan 501 (1,092 participants)
Broker compensation
$123K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Dental Service of Massachusetts, Inc. DBA Delta Dental of MADental, PPO1,753$858K$19K
Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability900$629K$49K
Aetna Life Insurance CompanyAccident, Critical Illness, Hospital682$205K$37K
Vision Service PlanVision749$125K$12K
Metropolitan General Insurance CompanyLegal120$33K$5K

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,092 participants × $2,371 national average per member. Usually higher once dependents are counted.

$67K–$166K/ year

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

Brands with a generic available$20K–$49K
Lower-cost therapeutic alternatives$29K–$60K
Generic pricing vs. actual cost$12K–$37K
PBM contract terms$6K–$19K
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
Mimecast North America, Inc.
Sponsor EIN
26-0851633
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-0851633 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Mimecast North America, Inc. 401(k) Plan
Type
401(k) plan
Participants
1,630

About this data

Source: Mimecast North America, 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 Mimecast North America, Inc..

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