Sumitomo Machinery Corporation of America
Overview
Sumitomo Machinery Corporation of America sponsors a self-funded health plan that covered 591 participants in plan year 2025, up 18% 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
- 591 · prior year 502
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Sumitomo Machinery Corporation of America Welfare Benefits Plan, plan 501 (591 participants)
- Broker compensation
- $70K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Anthem Life Insurance Company | Life, Long-term disability | 591 | $420K | $26K |
| Unum Insurance Company | Accident, Critical Illness, Hospital | 214 | $79K | $18K |
| Vision Service Plan | Vision | 418 | $73K | $2K |
| The Guardian Life Insurance Company of America | Accident, Critical Illness, Hospital | 210 | $68K | $15K |
| Federal Insurance Company | Accidental Death and Dismemberment | 591 | $2K | $348 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 591 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Sumitomo Machinery Corporation of America
- Sponsor EIN
- 22-1815055
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 22-1815055 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Sumitomo Machinery Corporation of America Savings and Investment Plan
- Type
- 401(k) plan
- Participants
- 653
About this data
Source: Sumitomo Machinery Corporation of America'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 Sumitomo Machinery Corporation of America.