Dover Corporation

Downers Grove, IL ManufacturingNAICS 332900

Self-funded health planPlan year 2025Renews January
12,924Participants+1% vs. prior year
$30.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 122Manufacturing in ILBy participants

Overview

Dover Corporation sponsors a self-funded health plan that covered 12,924 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
12,924 · prior year 12,863
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Dover Corporation Health and Wellness Plan, plan 530 (12,924 participants)
Broker compensation
$337K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyLife, Long-term disability11,205$8.6M$319K
Eyemed Vision CareVision15,766$1.2M—
Magellan HealthcareEmployee Assistance Program11,240$220K—
Zurich American Insurance CompanyBusiness Travel Accident10,481$82K$16K
Reliance Standard Life Insurance CompanyShort-term disability58$25K$431
Hartford Life and AccidentLife, Long-term disability15,263—$1K

Pharmacy benefit estimate

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

$30.6M/ year

Estimated prescription spend: 12,924 participants × $2,371 national average per member. Usually higher once dependents are counted.

$797K–$2.0M/ year

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

Brands with a generic available$233K–$582K
Lower-cost therapeutic alternatives$340K–$711K
Generic pricing vs. actual cost$147K–$441K
PBM contract terms$77K–$230K
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
Dover Corporation
Sponsor EIN
53-0257888
Plan number
530
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 53-0257888 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Dover Corporation Retirement Savings Plan
Type
401(k) plan
Participants
18,306

About this data

Source: Dover 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 Dover Corporation.

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