Watts Water Technologies

North Andover, MA ManufacturingNAICS 332900

Self-funded health planPlan year 2025Renews January
2,436Participants+32% vs. prior year
$5.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#9 of 48Manufacturing in MABy participants

Overview

Watts Water Technologies sponsors a self-funded health plan that covered 2,436 participants in plan year 2025, up 32% 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
2,436 · prior year 1,842
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Watts Group Insurance Plan, plan 505 (2,436 participants)
Broker compensation
$105K across insured contracts
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
Reliance Standard Life Insurance CompanyLife, Long-term disability1,752$1.4M$89K
Vision Service PlanVision1,421$242K$5K
Life Insurance Company of North AmericaAccidental Death and Dismemberment652$50K$9K
National Union Fire Insurance Company of Pittsburgh, PABusiness Travel Accident4,612$18K$3K

Pharmacy benefit estimate

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

$5.8M/ year

Estimated prescription spend: 2,436 participants × $2,371 national average per member. Usually higher once dependents are counted.

$150K–$370K/ year

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

Brands with a generic available$44K–$110K
Lower-cost therapeutic alternatives$64K–$134K
Generic pricing vs. actual cost$28K–$83K
PBM contract terms$14K–$43K
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
Watts Water Technologies
Sponsor EIN
04-2916536
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2916536 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Watts Water Technologies, Inc. 401(k) Savings Plan
Type
401(k) plan
Participants
3,489

About this data

Source: Watts Water Technologies'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 Watts Water Technologies.

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