Tech-Etch, Inc.

Plymouth, MA ManufacturingNAICS 332900

Self-funded health planPlan year 2024Renews October
651ParticipantsFirst year on file
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#38 of 48Manufacturing in MABy participants

Overview

Tech-Etch, Inc. sponsors a self-funded health plan that covered 651 participants in plan year 2024. The plan year starts in October. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
651
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Employee Benefit Plan, plan 501 (651 participants)
Broker compensation
$19K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaLife, Long-term disability540$380K$19K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision648$45K—
ESI Employee Assistance GroupEmployee Assistance Program658$14K—

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 651 participants × $2,371 national average per member. Usually higher once dependents are counted.

$40K–$99K/ year

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

Brands with a generic available$12K–$29K
Lower-cost therapeutic alternatives$17K–$36K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Tech-Etch, Inc.
Sponsor EIN
04-2324804
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2324804 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Tech-Etch Employee Stock Ownership Plan
Type
Defined contribution plan
Participants
868

About this data

Source: Tech-Etch, Inc.'s Form 5500 filing for plan year 2024 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 Tech-Etch, Inc..

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