MPW Industrial Services Group, Inc.

Hebron, OH Professional servicesNAICS 541400

Self-funded health planPlan year 2025Renews January
2,493Participants-26% vs. prior year
$5.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 44Professional services in OHBy participants

Overview

MPW Industrial Services Group, Inc. sponsors a self-funded health plan that covered 2,493 participants in plan year 2025, down 26% 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
2,493 · prior year 3,354
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
MPW Group Insurance Plan, plan 504 (2,493 participants)
Broker compensation
$384K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Lincoln National Life Insurance CompanyDental, Life, Short-term disability, Long-term disability2,373$2.0M$384K
Vision Service PlanVision1,247$93K—

Pharmacy benefit estimate

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

$5.9M/ year

Estimated prescription spend: 2,493 participants × $2,371 national average per member. Usually higher once dependents are counted.

$154K–$379K/ year

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

Brands with a generic available$45K–$112K
Lower-cost therapeutic alternatives$66K–$137K
Generic pricing vs. actual cost$28K–$85K
PBM contract terms$15K–$44K
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
MPW Industrial Services Group, Inc.
Sponsor EIN
31-1567260
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-1567260 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: MPW Industrial Services 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 MPW Industrial Services Group, Inc..

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