Standard Motor Products, Inc.

Long Island City, NY ManufacturingNAICS 336300

Self-funded health planPlan year 2025Renews January
1,954Participants+3% vs. prior year
$4.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 45Manufacturing in NYBy participants

Overview

Standard Motor Products, Inc. sponsors a self-funded health plan that covered 1,954 participants in plan year 2025, up 3% 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
1,954 · prior year 1,902
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Standard Motor Products, Inc. Health and Welfare Benefit Plan, plan 505 (1,954 participants)
Broker compensation
$124K 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
First Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability1,954$1.6M—
Reliance Standard Life Insurance CompanyShort-term disability395$461K$113K
Anthem Insurance Companies, Inc.Vision2,687$152K$11K
Cigna Health and Life Insurance Company and AffiliatesDental66$59K—

Pharmacy benefit estimate

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

$4.6M/ year

Estimated prescription spend: 1,954 participants × $2,371 national average per member. Usually higher once dependents are counted.

$120K–$297K/ year

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

Brands with a generic available$35K–$88K
Lower-cost therapeutic alternatives$51K–$107K
Generic pricing vs. actual cost$22K–$67K
PBM contract terms$12K–$35K
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
Standard Motor Products, Inc.
Sponsor EIN
11-1362020
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-1362020 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Standard Motor Products, Inc. Profit Sharing 401(k) Capital Accumulation Plan
Type
401(k) plan
Participants
2,656

About this data

Source: Standard Motor Products, 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 Standard Motor Products, Inc..

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