The Lubrizol Corporation

Wickliffe, OH ManufacturingNAICS 325900

Self-funded health planPlan year 2025Renews January
1,815Participants+5% vs. prior year
$4.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#46 of 147Manufacturing in OHBy participants

Overview

The Lubrizol Corporation sponsors a self-funded health plan that covered 1,815 participants in plan year 2025, up 5% from the prior year. The plan year starts in January. 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
1,815 · prior year 1,722
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Lubrizol Corp. Retiree Health Reimbursement Arrangement, plan 508 (1,815 participants)
Broker compensation
$35K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLong-term disability3,691$2.0M$2K
Securian Life Insurance CompanyLife4,001$1.1M$25K
Fidelity Security Life Insurance CompanyVision6,802$531K—
Blue Cross / Blue Shield of MichiganMedical, Prescription drug, HMO64$460K—
United Behavioral HealthEap/worklife3,350$109K—
Ace American Insurance CompanyA&d4,813$19K—

Pharmacy benefit estimate

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

$4.3M/ year

Estimated prescription spend: 1,815 participants × $2,371 national average per member. Usually higher once dependents are counted.

$112K–$276K/ year

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

Brands with a generic available$33K–$82K
Lower-cost therapeutic alternatives$48K–$100K
Generic pricing vs. actual cost$21K–$62K
PBM contract terms$11K–$32K
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 Lubrizol Corporation
Sponsor EIN
34-0367600
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-0367600 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Lubrizol Corporation Employees Profit Sharing and Savings Plan
Type
401(k) plan
Participants
5,707

About this data

Source: The Lubrizol Corporation'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 Lubrizol Corporation.

Request a correction · Methodology