National Bulk Equipment Inc.

Holland, MI ManufacturingNAICS 333200

Self-funded health planPlan year 2025Renews January
500Participants0% vs. prior year
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#136 of 138Manufacturing in MIBy participants

Overview

National Bulk Equipment Inc. sponsors a self-funded health plan that covered 500 participants in plan year 2025, about the same as 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
500 · prior year 500
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
National Bulk Equipment, Inc. Health & Benefits Plan, plan 501 (500 participants)
Broker compensation
$2K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Principal Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability249$304K$2K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 500 participants × $2,371 national average per member. Usually higher once dependents are counted.

$31K–$76K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$13K–$28K
Generic pricing vs. actual cost$6K–$17K
PBM contract terms$3K–$9K
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
National Bulk Equipment Inc.
Sponsor EIN
38-2120303
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-2120303 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
National Bulk Equipment, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
270

About this data

Source: National Bulk Equipment 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 National Bulk Equipment Inc..

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