Cooper Tire & Rubber Company LLC

Akron, OH ManufacturingNAICS 326200

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained

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3,298Participants-6% vs. prior year

$7.8MEst. pharmacy spend / yrParticipants × national avg.

Jan 2027Next renewalPlan year begins January 1

#20 of 147Manufacturing in OHBy participants

Overview

Cooper Tire & Rubber Company LLC sponsors a self-funded health plan that covered 3,298 participants in plan year 2025, down 6% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability.

Plan type: ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants: 3,298 · prior year 3,505
Plan year: Begins January 1 · next renewal January 2027
Health plans filed: Cooper Tire & Rubber Company Welfare Benefits Plan, plan 538 (3,298 participants); Cooper Tire & Rubber Company Retiree Medical/prescription Drug Plan, plan 542 (2,730 participants)
Broker compensation: $525K across insured contracts

MedicalLife insuranceDentalVisionShort-term disabilityOther welfare benefits

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	37,685	$45.3M	$525K

Pharmacy benefit estimate

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

$7.8M/ year

Estimated prescription spend: 3,298 participants × $2,371 national average per member. Usually higher once dependents are counted.

$203K–$501K/ year

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

Brands with a generic available$59K–$149K

Lower-cost therapeutic alternatives$87K–$181K

Generic pricing vs. actual cost$38K–$113K

PBM contract terms$20K–$59K

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: Cooper Tire & Rubber Company LLC
Sponsor EIN: 34-4297750
Plan numbers: 538, 542
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-4297750 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Cooper Tire & Rubber Company 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 Cooper Tire & Rubber Company LLC.

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