American Honda Motor Co., Inc.

Marysville, OH ManufacturingNAICS 336100

Self-funded health planPlan year 2025Renews January
10,311Participants+0% vs. prior year
$24.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 147Manufacturing in OHBy participants

Overview

American Honda Motor Co., Inc. sponsors a self-funded health plan that covered 10,311 participants in plan year 2025, about the same as 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
10,311 · prior year 10,277
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Honda Retirement Medical Program, plan 503 (10,311 participants); Honda Survivor Medical Program, plan 514 (2,586 participants)
Broker compensation
$665K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife27,429$19.2M$250K
Life Insurance Company of North AmericaLong-term disability, Short-term disability8,886$8.8M$108K
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, HMO747$7.4M—
Spring HealthEmployee Assistance Program90,373$4.6M—
UnitedHealthcare Insurance CompanyHospital Indemnity, Critical Illness, Ac, Medical, Prescription drug, Dental, Vision3,429$2.4M$200K
Kaiser Foundation Health Plan of Georgia, Inc.Medical, Prescription drug, HMO116$1.1M—
MetLife Legal PlansLegal3,542$669K$106K
National Union Fire Ins. Co. of Pittsburgh, PAAccidental Death and Dismemberment30,643——

Pharmacy benefit estimate

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

$24.4M/ year

Estimated prescription spend: 10,311 participants × $2,371 national average per member. Usually higher once dependents are counted.

$636K–$1.6M/ year

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

Brands with a generic available$186K–$465K
Lower-cost therapeutic alternatives$271K–$567K
Generic pricing vs. actual cost$117K–$352K
PBM contract terms$61K–$183K
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
American Honda Motor Co., Inc.
Sponsor EIN
95-2041006
Plan numbers
503, 514
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-2041006 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: American Honda Motor Co., Inc.'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 American Honda Motor Co., Inc..

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