Synthomer Inc.

Beachwood, OH ManufacturingNAICS 326200

Self-funded health planPlan year 2025Renews January
1,450Participants-5% vs. prior year
$3.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#59 of 147Manufacturing in OHBy participants

Overview

Synthomer Inc. sponsors a self-funded health plan that covered 1,450 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
1,450 · prior year 1,524
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Synthomer Flexible Benefits Plan, plan 501 (1,450 participants)
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
Unum Life Insurance Company of AmericaLong-term disability, Life812$967K—
Delta Dental of OhioDental1,336$404K—
Eyemed Vision CareVision540$39K—
Standard Insurance Company—295$32K—
Alpha Dental Programs, Inc.Dental27$7K—

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,450 participants × $2,371 national average per member. Usually higher once dependents are counted.

$89K–$220K/ year

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

Brands with a generic available$26K–$65K
Lower-cost therapeutic alternatives$38K–$80K
Generic pricing vs. actual cost$17K–$50K
PBM contract terms$9K–$26K
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
Synthomer Inc.
Sponsor EIN
34-1897652
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1897652 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Synthomer Savings Plan
Type
401(k) plan
Participants
1,295

About this data

Source: Synthomer 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 Synthomer Inc..

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