US Synthetic Corporation

Orem, UT ManufacturingNAICS 324190

Self-funded health planPlan year 2025Renews July
688ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#11 of 16Manufacturing in UTBy participants

Overview

US Synthetic Corporation sponsors a self-funded health plan that covered 688 participants in plan year 2025. The plan year starts in July. 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
688
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
US Synthetic Corporation Health and Welfare Plan, plan 508 (688 participants)
Broker compensation
$25K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLife, Long-term disability675$114K$5K
The Lincoln National Life Insurance CompanyAccident, Hospital Indemnity, Critical Illness613$94K$19K
Vision Service PlanVision459$45K—
Pre-Paid Legal Services Inc. DBA LegalshieldLegal Services Plan Memberships71$6K$848

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 688 participants × $2,371 national average per member. Usually higher once dependents are counted.

$42K–$105K/ year

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

Brands with a generic available$12K–$31K
Lower-cost therapeutic alternatives$18K–$38K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
US Synthetic Corporation
Sponsor EIN
87-0342600
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 87-0342600 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
US Synthetic 401(k) Plan
Type
401(k) plan
Participants
718

About this data

Source: US Synthetic 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 US Synthetic Corporation.

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