Spectris, Inc.

Niwot, CO ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews January
1,548Participants-4% vs. prior year
$3.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#10 of 23Manufacturing in COBy participants

Overview

Spectris, Inc. sponsors a self-funded health plan that covered 1,548 participants in plan year 2025, down 4% 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
1,548 · prior year 1,614
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Spectris, Inc. Employee Medical Benefits Plan, plan 501 (1,548 participants)
Broker compensation
$149K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, Short-term disability, Long-term disability1,548$1.8M$144K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision2,485$145K—
Metropolitan General Insurance CompanyLegal183$45K$6K
ComPsych CorporationEmployee Assistance Program2,565$42K—
National Union Fire Insurance Company of Pittsburgh, PABusiness Travel Accident1,548$21K—

Pharmacy benefit estimate

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

$3.7M/ year

Estimated prescription spend: 1,548 participants × $2,371 national average per member. Usually higher once dependents are counted.

$95K–$235K/ year

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

Brands with a generic available$28K–$70K
Lower-cost therapeutic alternatives$41K–$85K
Generic pricing vs. actual cost$18K–$53K
PBM contract terms$9K–$28K
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
Spectris, Inc.
Sponsor EIN
51-0363173
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 51-0363173 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Spectris Group Safe Harbor 401(k) Retirement Plan
Type
401(k) plan
Participants
2,528

About this data

Source: Spectris, 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 Spectris, Inc..

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