Festo Corporation
Overview
Festo Corporation sponsors a self-funded health plan that covered 905 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, short-term disability, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 905 · prior year 915
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Festo Corporation Employee Benefit Plan, plan 501 (905 participants)
- Stop-loss carrier
- Cigna Health and Life Insurance Company and Affiliates
- Broker compensation
- $170K 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 |
|---|---|---|---|---|
| Cigna Health and Life Insurance Company and Affiliates | Dental, HMO, Stop-loss | 1,584 | $1.7M | $8K |
| Sun Life and Health Insurance Company | Life, Short-term disability, Long-term disability | 890 | $741K | $74K |
| Trustmark Insurance Company | Voluntary Group Life and Care | 65 | $204K | $51K |
| Symetra Life Insurance Company | Accident, Critical Illness | 30 | $158K | $37K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 905 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
- Festo Corporation
- Sponsor EIN
- 11-2270659
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 11-2270659 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Festo Corporation 401(k) Plan
- Type
- 401(k) plan
- Participants
- 1,267
About this data
Source: Festo 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 Festo Corporation.