Puma North America, Inc.

Somerville, MA Wholesale tradeNAICS 423910

Self-funded health planPlan year 2024Renews June
1,094ParticipantsFirst year on file
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#4 of 8Wholesale trade in MABy participants

Overview

Puma North America, Inc. sponsors a self-funded health plan that covered 1,094 participants in plan year 2024. The plan year starts in June. 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
1,094
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Puma North America, Inc. Health & Welfare Benefit Plans, plan 501 (1,094 participants)
Broker compensation
$92K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
UnitedHealthcare Insurance CompanyLife1,561$432K$32K
Hartford Life and AccidentLong-term disability1,390$280K$52K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,626$101K$7K

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,094 participants × $2,371 national average per member. Usually higher once dependents are counted.

$67K–$166K/ year

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

Brands with a generic available$20K–$49K
Lower-cost therapeutic alternatives$29K–$60K
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 June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Puma North America, Inc.
Sponsor EIN
04-3280787
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-3280787 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Puma North America, Inc. 401(k) Plan
Type
401(k) plan
Participants
3,224

About this data

Source: Puma North America, 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 Puma North America, Inc..

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