The Boler Company

Schaumburg, IL ManufacturingNAICS 336300

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
4,373Participants-4% vs. prior year
$10.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#24 of 122Manufacturing in ILBy participants

Overview

The Boler Company sponsors a self-funded health plan that covered 4,373 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
4,373 · prior year 4,534
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Boler Company Welfare Benefit Plan, plan 506 (4,373 participants); The Boler Company Welfare Benefit Plan 2, plan 515 (259 participants); Anchor-Harvey Components, LLC Welfare Benefit Plan, plan 514 (139 participants)
Broker compensation
$106K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability3,873$2.1M$106K
Metropolitan Life Insurance CompanyVision2,769$368K—
ComPsychEmployee Assistance Program3,995$62K—
Federal Insurance CompanyBusiness Travel Accident3,891——

Pharmacy benefit estimate

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

$10.4M/ year

Estimated prescription spend: 4,373 participants × $2,371 national average per member. Usually higher once dependents are counted.

$270K–$665K/ year

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

Brands with a generic available$79K–$197K
Lower-cost therapeutic alternatives$115K–$241K
Generic pricing vs. actual cost$50K–$149K
PBM contract terms$26K–$78K
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
The Boler Company
Sponsor EIN
36-2928548
Plan numbers
506, 515, 514
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-2928548 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Compensation at Retirement Plan
Type
Pension plan
Participants
5,145

About this data

Source: The Boler Company'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 The Boler Company.

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