Eaton Corporation
Overview
Eaton Corporation sponsors a self-funded health plan that covered 26,176 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
- 26,176 · prior year 25,772
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Eaton Corporation Flexible Benefits Plan, plan 594 (26,176 participants)
- Broker compensation
- $43K 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 |
|---|---|---|---|---|
| Securian Life Insurance Company | Life | 28,884 | $10.0M | $30K |
| Eyemed Vision Care/fidelity Security Life Insurance Company | Vision | 43,075 | $3.0M | — |
| Sierra Health and Life Insurance Company, Inc. | Medical, Prescription drug | 1,013 | $513K | — |
| Cigna Health and Life Insurance Company | Medical, Dental, Vision | 51 | $311K | — |
| National Union Fire Insurance Co. of Pittsburgh PA | AD&D | 96,940 | $76K | $13K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 26,176 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
- Eaton Corporation
- Sponsor EIN
- 34-0196300
- Plan number
- 594
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 34-0196300 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Pension Plan for Eaton Corporation Employees
- Type
- Pension plan
- Participants
- 44,528
About this data
Source: Eaton 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 Eaton Corporation.