Samtec, Inc.

New Albany, IN ManufacturingNAICS 334410

Self-funded health planPlan year 2025Renews January
1,940Participants-5% vs. prior year
$4.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#25 of 93Manufacturing in INBy participants

Overview

Samtec, Inc. sponsors a self-funded health plan that covered 1,940 participants in plan year 2025, down 5% 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
1,940 · prior year 2,041
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Samtec, Inc. Group Health and Welfare Plan, plan 502 (1,940 participants)
Broker compensation
$279K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Anthem Life Insurance CompanyLife, Short-term disability, Long-term disability1,893$1.4M$206K
Reliastar Life Insurance CompanyShort-term disability1,568$377K$65K
Legal Plans, USALegal Ease380$81K$8K
Wayne CorporationEmployee Assistance Program1,418$56K—
Anthem Insurance Companies, Inc.EAP4,446$36K—

Pharmacy benefit estimate

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

$4.6M/ year

Estimated prescription spend: 1,940 participants × $2,371 national average per member. Usually higher once dependents are counted.

$120K–$295K/ year

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

Brands with a generic available$35K–$87K
Lower-cost therapeutic alternatives$51K–$107K
Generic pricing vs. actual cost$22K–$66K
PBM contract terms$11K–$34K
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
Samtec, Inc.
Sponsor EIN
35-1399589
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-1399589 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Samtec, Incorporated Retirement Plan
Type
401(k) plan
Participants
2,659

About this data

Source: Samtec, 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 Samtec, Inc..

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