Albany International Corp.
Overview
Albany International Corp. sponsors a self-funded health plan that covered 2,341 participants in plan year 2025, up 45% 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
- 2,341 · prior year 1,616
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Albany International Corp. Health and Welfare Benefit Plan, plan 530 (2,341 participants)
- Broker compensation
- $1.9M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Continental American Insurance Company | Life, Short-term disability, Long-term disability | 3,044 | $5.0M | $1.4M |
| Reliastar Life Insurance | AD&D and Critical Illness | 1,847 | $1.5M | $75K |
| Transamerica Insurance Co. | Medical | 564 | $1.2M | $206K |
| Elixir | Prescription drug | 556 | $1.0M | $47K |
| Ameritas Insurance | Dental, Vision | 1,086 | $504K | $82K |
| Companion Life Insurance Company - Columbia | Prescription drug | 463 | $283K | $55K |
| Vision Service Plan | Vision | 1,997 | $268K | $21K |
| Guardian | Dental | 1,213 | $80K | $24K |
| Metropolitan Property and Casualty Insurance Co. | Legal | 362 | $72K | $8K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,341 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Albany International Corp.
- Sponsor EIN
- 14-0462060
- Plan number
- 530
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 14-0462060 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Albany International Corp. Prosperity Plus Savings Plan
- Type
- 401(k) plan
- Participants
- 3,435
About this data
Source: Albany International Corp.'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 Albany International Corp..