Carpenter Technology Corporation
Overview
Carpenter Technology Corporation sponsors a self-funded health plan that covered 4,140 participants in plan year 2025, up 8% 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
- 4,140 · prior year 3,840
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Program of Insurance Benefits for Employees, plan 506 (4,140 participants); Carpenter Technology Corporation Retiree Health Reimbursement and Life Insurance Plan, plan 509 (2,349 participants); Latrobe Steel Company Health and Life Benefit Plan, plan 510 (605 participants)
- Broker compensation
- $97K 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life | 9,917 | $2.6M | $95K |
| Prudential Insurance Company of America | Life | 1,023 | $2.3M | — |
| Highmark Blue Cross Blue Shield | Medical, Prescription drug, PPO | 493 | $1.6M | — |
| Vision Benefits of America | Vision | 3,133 | $452K | — |
| Ace American Insurance Company | Accidental Death & Dismemberment | 4,146 | $10K | $1K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 4,140 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
- Carpenter Technology Corporation
- Sponsor EIN
- 23-0458500
- Plan numbers
- 506, 509, 510
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 23-0458500 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Carpenter Technology Corporation 401(k) Retirement
- Type
- 401(k) plan
- Participants
- 5,079
About this data
Source: Carpenter Technology Corporation'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 Carpenter Technology Corporation.