Netjets Inc.

Columbus, OH Transportation & logisticsNAICS 481000

Self-funded health planPlan year 2025Renews January
977Participants-9% vs. prior year
$2.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#13 of 23Transportation & logistics in OHBy participants

Overview

Netjets Inc. sponsors a self-funded health plan that covered 977 participants in plan year 2025, down 9% 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
977 · prior year 1,075
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Executive Jet Management Welfare Plan, plan 505 (977 participants)
Broker compensation
$1.6M 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
Unum Life Insurance Company of AmericaLife, Long-term disability7,933$16.1M$391K
UnitedHealthcare Insurance CompanyAccident, Critical Illness, Hospital Ind5,906$4.5M$913K
Symetra Life Insurance CompanyLong-term disability6,350$3.9M$221K
Vision Service PlanVision7,549$2.8M—
MetLife Legal PlansLegal3,269$1.3M$110K
The Guardian Life Insurance Company of AmericaShort-term disability90$63K$1K

Pharmacy benefit estimate

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

$2.3M/ year

Estimated prescription spend: 977 participants × $2,371 national average per member. Usually higher once dependents are counted.

$60K–$148K/ year

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

Brands with a generic available$18K–$44K
Lower-cost therapeutic alternatives$26K–$54K
Generic pricing vs. actual cost$11K–$33K
PBM contract terms$6K–$17K
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
Netjets Inc.
Sponsor EIN
51-0383060
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 51-0383060 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Netjets Inc. 401(k) Plan
Type
401(k) plan
Participants
4,279

About this data

Source: Netjets 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 Netjets Inc..

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