Preformed Line Products Company

Mayfield Village, OH ManufacturingNAICS 335900

Self-funded health planPlan year 2025Renews January
894Participants+8% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#85 of 147Manufacturing in OHBy participants

Overview

Preformed Line Products Company sponsors a self-funded health plan that covered 894 participants in plan year 2025, up 8% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
894 · prior year 828
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Preformed Line Products Company Self-Insured Welfare Benefit Plan, plan 509 (894 participants)
Broker compensation
$45K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLong-term disability, Life901$509K$38K
Delta Dental of OhioDental1,533$487K—
Vision Service PlanVision562$123K—
Federal Insurance CompanyBusiness Travel Accident894$28K$7K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 894 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$136K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$24K–$49K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
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
Preformed Line Products Company
Sponsor EIN
34-0676895
Plan number
509
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-0676895 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Preformed Line Products Company Profit Sharing Plan
Type
401(k) plan
Participants
1,128

About this data

Source: Preformed Line Products Company'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 Preformed Line Products Company.

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