Avnet, Inc.

Tempe, AZ Wholesale tradeNAICS 423600

Self-funded health planPlan year 2025Renews January
2,400Participants-9% vs. prior year
$5.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 7Wholesale trade in AZBy participants

Overview

Avnet, Inc. sponsors a self-funded health plan that covered 2,400 participants in plan year 2025, down 9% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,400 · prior year 2,635
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Avnet Group Benefits Plan, plan 510 (2,400 participants)
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceDeath benefitsOther 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 disability2,621$2.2M—
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, HMO49$668K—
Vision Service PlanVision1,833$288K—
Workplace OptionsEmployee Assistance Program2,605$223K—
Ace American Insurance CompanyBusiness Travel Accident2,605——

Pharmacy benefit estimate

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

$5.7M/ year

Estimated prescription spend: 2,400 participants × $2,371 national average per member. Usually higher once dependents are counted.

$148K–$365K/ year

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

Brands with a generic available$43K–$108K
Lower-cost therapeutic alternatives$63K–$132K
Generic pricing vs. actual cost$27K–$82K
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
Avnet, Inc.
Sponsor EIN
11-1890605
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-1890605 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Avnet Pension Plan
Type
Pension plan
Participants
7,500

About this data

Source: Avnet, 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 Avnet, Inc..

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