Mizuho Bank, Ltd.

New York, NY Finance & insuranceNAICS 522110

Self-funded health planPlan year 2025Renews January
2,436Participants+6% vs. prior year
$5.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 59Finance & insurance in NYBy participants

Overview

Mizuho Bank, Ltd. sponsors a self-funded health plan that covered 2,436 participants in plan year 2025, up 6% 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
2,436 · prior year 2,309
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Mizuho Bank, Ltd. Medical, Dental, Life & Disability Plan, plan 501 (2,436 participants)
Broker compensation
$647K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife2,393$1.9M$306K
First Unum Life Insurance CompanyLong-term disability, Short-term disability2,279$1.6M$173K
Metropolitan Life Insurance CompanyVision3,831$363K$18K
Provident Life and Casualty Insurance CompanyLong-term disability75$213K$48K
Provident Life and Accident Insurance CompanyLong-term disability75$195K$45K
MetLife Legal PlansLegal712$189K$22K
Unum Life Insurance Company of AmericaShort-term disability291$172K$20K
Zurich American Insurance CompanyBusiness Travel Accident2,436$7K$2K

Pharmacy benefit estimate

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

$5.8M/ year

Estimated prescription spend: 2,436 participants × $2,371 national average per member. Usually higher once dependents are counted.

$150K–$370K/ year

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

Brands with a generic available$44K–$110K
Lower-cost therapeutic alternatives$64K–$134K
Generic pricing vs. actual cost$28K–$83K
PBM contract terms$14K–$43K
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
Mizuho Bank, Ltd.
Sponsor EIN
13-5624234
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-5624234 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Mizuho Bank, Ltd.'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 Mizuho Bank, Ltd..

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