Flowserve Corporation

Irving, TX ManufacturingNAICS 333900

Self-funded health planPlan year 2025Renews January
5,311Participants+10% vs. prior year
$12.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#14 of 149Manufacturing in TXBy participants

Overview

Flowserve Corporation sponsors a self-funded health plan that covered 5,311 participants in plan year 2025, up 10% from 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
5,311 · prior year 4,826
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Flex Health and Welfare Benefit Plan, plan 501 (5,311 participants)
Broker compensation
$281K 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
Securian Life Insurance CompanyLife, Accidental Death and Dismemberment5,058$3.2M$113K
Lincoln National Life Insurance CompanyLong-term disability4,571$1.6M$64K
Sun Life Assurance Company of CanadaStop Loss Specific Only4,184$857K$47K
Vision Service PlanVision3,767$416K—
Federal Insurance CompanyAccidental Death and Dismemberment Insur16,000—$56K

Pharmacy benefit estimate

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

$12.6M/ year

Estimated prescription spend: 5,311 participants × $2,371 national average per member. Usually higher once dependents are counted.

$327K–$807K/ year

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

Brands with a generic available$96K–$239K
Lower-cost therapeutic alternatives$140K–$292K
Generic pricing vs. actual cost$60K–$181K
PBM contract terms$31K–$94K
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
Flowserve Corporation
Sponsor EIN
31-0267900
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-0267900 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Flowserve Corporation Pension Plan
Type
Pension plan
Participants
8,031

About this data

Source: Flowserve 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 Flowserve Corporation.

Request a correction · Methodology