Westech Engineering, LLC

South Salt Lake, UT ManufacturingNAICS 332900

Self-funded health planPlan year 2025Renews January
622Participants-3% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#14 of 16Manufacturing in UTBy participants

Overview

Westech Engineering, LLC sponsors a self-funded health plan that covered 622 participants in plan year 2025, down 3% 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
622 · prior year 641
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Westech Engineering, LLC Welfare Benefits Plan, plan 502 (622 participants)
Broker compensation
$74K 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
Unum Life Insurance Company of AmericaLife, Long-term disability, Short-term disability628$432K$49K
Unum Insurance CompanyAccident, Critical Illness235$83K$20K
United Healthcare Insurance CompanyVision522$73K$4K
Telus Health (US) Ltd.Employee Assistance Program654$13K—
National Union Fire Ins. Co. of Pittsburgh, PAAccidental Death and Dismemberment, Busi522——

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 622 participants × $2,371 national average per member. Usually higher once dependents are counted.

$38K–$95K/ year

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

Brands with a generic available$11K–$28K
Lower-cost therapeutic alternatives$16K–$34K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
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
Westech Engineering, LLC
Sponsor EIN
94-2229674
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 94-2229674 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Swire Water 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
829

About this data

Source: Westech Engineering, LLC'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 Westech Engineering, LLC.

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