MRO Corporation

Norristown, PA Professional servicesNAICS 541990

Self-funded health planPlan year 2024Renews July
2,248ParticipantsFirst year on file
$5.3MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#6 of 37Professional services in PABy participants

Overview

MRO Corporation sponsors a self-funded health plan that covered 2,248 participants in plan year 2024. The plan year starts in July. 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
2,248
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
MRO Corporation Benefits Plan, plan 501 (2,248 participants)
Broker compensation
$231K 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 CompanyLife, Long-term disability, Short-term disability, VOL Child Life, VOL Spouse AD&D, Volunta, VOL Child Life, VOL Spouse Life, Volunta2,248$895K$140K
Cigna Health and Life Insurance CompanyDental1,732$712K$35K
Vision Service PlanVision1,495$210K$6K
Metropolitan Life Insurance CompanyVOL. Critical Illness, VOL. Hospital Indemnity703$151K$31K
Metropolitain Life Insurance CompanyVOL. Accident507$87K$18K

Pharmacy benefit estimate

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

$5.3M/ year

Estimated prescription spend: 2,248 participants × $2,371 national average per member. Usually higher once dependents are counted.

$139K–$342K/ year

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

Brands with a generic available$41K–$101K
Lower-cost therapeutic alternatives$59K–$124K
Generic pricing vs. actual cost$26K–$77K
PBM contract terms$13K–$40K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
MRO Corporation
Sponsor EIN
01-0661910
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 01-0661910 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
MRO Corporation 401(k) Plan
Type
401(k) plan
Participants
3,519

About this data

Source: MRO Corporation's Form 5500 filing for plan year 2024 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 MRO Corporation.

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