MPS Group, Inc.

Farmington Hills, MI Business servicesNAICS 562000

Self-funded health planPlan year 2025Renews January
1,021Participants+55% vs. prior year
$2.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 7Business services in MIBy participants

Overview

MPS Group, Inc. sponsors a self-funded health plan that covered 1,021 participants in plan year 2025, up 55% 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
1,021 · prior year 659
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
MPS Group Health and Welfare Plan, plan 501 (1,021 participants)
Stop-loss carrier
Blue Cross Blue Shield of Michigan
Broker compensation
$219K across insured contracts
MedicalLife insuranceDentalShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Blue Cross Blue Shield of MichiganMedical, Prescription drug, Dental, Stop-loss746$11.4M$153K
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability, Group Accident, Attained Age Critical Illness, Hospital Employee Paid1,021$651K$66K
Heritage Vision Plans, Inc.Vision1,449$76K—

Pharmacy benefit estimate

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

$2.4M/ year

Estimated prescription spend: 1,021 participants × $2,371 national average per member. Usually higher once dependents are counted.

$63K–$155K/ year

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

Brands with a generic available$18K–$46K
Lower-cost therapeutic alternatives$27K–$56K
Generic pricing vs. actual cost$12K–$35K
PBM contract terms$6K–$18K
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
MPS Group, Inc.
Sponsor EIN
38-3226114
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-3226114 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
MPS Group 401(k) Savings Plan
Type
401(k) plan
Participants
1,111

About this data

Source: MPS Group, 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 MPS Group, Inc..

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