Danfoss Power Solutions (US) Company

Ames, IA ManufacturingNAICS 333610

Self-funded health planPlan year 2025Renews January
5,373Participants-12% vs. prior year
$12.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 24Manufacturing in IABy participants

Overview

Danfoss Power Solutions (US) Company sponsors a self-funded health plan that covered 5,373 participants in plan year 2025, down 12% 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
5,373 · prior year 6,136
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Danfoss US Health and Welfare Plan, plan 520 (5,373 participants); Danfoss Power Solutions Retiree Medical Benefits Plan, plan 501 (484 participants)
Stop-loss carrier
BCS Insurance Company
Broker compensation
$326K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Securian Life Insurance CompanyLife7,660$2.6M$152K
BCS Insurance CompanyStop-loss4,547$2.0M$101K
Lincoln National Life Insurance CompanyLong-term disability5,202$949K$73K
Eyemed Vision CareVision4,035$644K—

Pharmacy benefit estimate

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

$12.7M/ year

Estimated prescription spend: 5,373 participants × $2,371 national average per member. Usually higher once dependents are counted.

$331K–$817K/ year

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

Brands with a generic available$97K–$242K
Lower-cost therapeutic alternatives$141K–$296K
Generic pricing vs. actual cost$61K–$183K
PBM contract terms$32K–$96K
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
Danfoss Power Solutions (US) Company
Sponsor EIN
42-1345015
Plan numbers
520, 501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 42-1345015 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Danfoss Power Solutions Employees' Retirement Plan
Type
Pension plan
Participants
2,794

About this data

Source: Danfoss Power Solutions (US) Company'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 Danfoss Power Solutions (US) Company.

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