SMR Automotive Systems USA Inc.

Marysville, MI ManufacturingNAICS 326100

Self-funded health planPlan year 2025Renews January
887Participants+15% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#96 of 138Manufacturing in MIBy participants

Overview

SMR Automotive Systems USA Inc. sponsors a self-funded health plan that covered 887 participants in plan year 2025, up 15% 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
887 · prior year 771
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
SMR Automotive Systems USA, Inc. Health and Welfare Plan, plan 501 (887 participants)
Broker compensation
$101K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability887$663K$101K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 887 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$135K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$23K–$49K
Generic pricing vs. actual cost$10K–$30K
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
SMR Automotive Systems USA Inc.
Sponsor EIN
38-2898513
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-2898513 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
SMR Automotive Systems USA, Inc. Employees 401(k) Plan
Type
401(k) plan
Participants
1,480

About this data

Source: SMR Automotive Systems USA 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 SMR Automotive Systems USA Inc..

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