Park Ohio Industries Inc.
Overview
Park Ohio Industries Inc. sponsors a self-funded health plan that covered 2,838 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports dental, vision, death benefits.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 2,838
- Plan year
- Begins October 1 · next renewal October 2027
- Health plans filed
- Park Ohio Industries, Inc. Group Insurance Plan, plan 503 (2,838 participants)
- Stop-loss carrier
- Medical Mutual of Ohio
- Broker compensation
- $151K 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 |
|---|---|---|---|---|
| Delta Dental of Ohio | Dental | 2,548 | $709K | $43K |
| Community Insurance Company (g1728) | Vision | 1,283 | $113K | — |
| Medical Mutual of Ohio | Stop-loss | 700 | — | $71K |
| New York Life Group Benefit Solutions | Accidental Death | 1,185 | — | $333 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,838 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
- Park Ohio Industries Inc.
- Sponsor EIN
- 34-6520107
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 34-6520107 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Park Ohio Industries and Subsidiaries Pension Plan
- Type
- Pension plan
- Participants
- 5,601
About this data
Source: Park Ohio Industries 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 Park Ohio Industries Inc..