Nitto, Inc.
Overview
Nitto, Inc. sponsors a self-funded health plan that covered 1,670 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
- 1,670
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Nitto, Inc. Employee Medical, Dental, Life and Long Term Disability Plan, plan 501 (1,670 participants)
- Broker compensation
- $288K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Dental | 2,826 | $1.2M | $68K |
| Unum Life Insurance Company of America | Life, Short-term disability, Long-term disability | 1,553 | $911K | $123K |
| Unum Insurance Company | Accident, Critical Illness, Hospital | 369 | $244K | $87K |
| Vision Service Plan Insurance Company | Vision | 1,281 | $156K | $9K |
| Dental Services Organization, LLC | Dental | 31 | $17K | $351 |
| National Union Fire Ins. Co. of Pittsburgh, PA | Business Travel Accident | 1,454 | $2K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,670 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Nitto, Inc.
- Sponsor EIN
- 27-0603862
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 27-0603862 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Nitto, Inc.'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 Nitto, Inc..