Gates Corporation
Overview
Gates Corporation sponsors a self-funded health plan that covered 6,946 participants in plan year 2025, up 26% 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
- 6,946 · prior year 5,521
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- The Gates Corporation Employee Welfare Benefits Plan, plan 599 (6,946 participants)
- Broker compensation
- $288K 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 |
|---|---|---|---|---|
| Hartford Life and Accident | Life, Long-term disability | 5,120 | $3.1M | $195K |
| Metropolitan Life Insurance Company | Dental | 2,328 | $729K | $93K |
| Vision Service Plan | Vision | 2,053 | $326K | — |
| MetLife Legal Plans | Legal | 365 | $64K | $63 |
| Magellan Healthcare Inc. | Employee Assistance Program | 2,908 | $49K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 6,946 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
- Gates Corporation
- Sponsor EIN
- 84-0857401
- Plan number
- 599
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 84-0857401 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- The Gates Matchmaker Plan
- Type
- 401(k) plan
- Participants
- 6,377
About this data
Source: Gates 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 Gates Corporation.