Power Solutions International, Inc.

Wood Dale, IL ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews January
1,072Participants+37% vs. prior year
$2.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#82 of 122Manufacturing in ILBy participants

Overview

Power Solutions International, Inc. sponsors a self-funded health plan that covered 1,072 participants in plan year 2025, up 37% 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
1,072 · prior year 783
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Power Solutions International, Inc. Welfare Benefit Plan, plan 501 (1,072 participants)
Broker compensation
$107K 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
United of Omaha Life Insurance CompanyDental, Vision, Life, Short-term disability, Long-term disability1,072$977K$107K

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,072 participants × $2,371 national average per member. Usually higher once dependents are counted.

$66K–$163K/ year

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

Brands with a generic available$19K–$48K
Lower-cost therapeutic alternatives$28K–$59K
Generic pricing vs. actual cost$12K–$37K
PBM contract terms$6K–$19K
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
Power Solutions International, Inc.
Sponsor EIN
33-0963637
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 33-0963637 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
PSI 401(k) Plan
Type
401(k) plan
Participants
1,546

About this data

Source: Power Solutions International, 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 Power Solutions International, Inc..

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