Rite-Hite Holding Corporation

Milwaukee, WI ManufacturingNAICS 332900

Self-funded health planPlan year 2025Renews January
2,350Participants+7% vs. prior year
$5.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#23 of 95Manufacturing in WIBy participants

Overview

Rite-Hite Holding Corporation sponsors a self-funded health plan that covered 2,350 participants in plan year 2025, up 7% 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
2,350 · prior year 2,207
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Rite-Hite Holding Corporation Welfare Benefit Plan, plan 502 (2,350 participants)
Broker compensation
$304K 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
Reliance Standard Life Insurance CompanyVoluntary Accident, AD&D, Accidental Death & Dismemberment, Voluntary Hospital Indemnity, Life, Long-term disability2,350$1.4M$304K
Vision Service PlanVision1,857$179K—

Pharmacy benefit estimate

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

$5.6M/ year

Estimated prescription spend: 2,350 participants × $2,371 national average per member. Usually higher once dependents are counted.

$145K–$357K/ year

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

Brands with a generic available$42K–$106K
Lower-cost therapeutic alternatives$62K–$129K
Generic pricing vs. actual cost$27K–$80K
PBM contract terms$14K–$42K
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
Rite-Hite Holding Corporation
Sponsor EIN
39-1913562
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-1913562 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Rite-Hite Holding Corporation'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 Rite-Hite Holding Corporation.

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