GKN Driveline North America, Inc.

Auburn Hills, MI ManufacturingNAICS 336300

Self-funded health planPlan year 2025Renews January
1,886Participants-19% vs. prior year
$4.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#48 of 138Manufacturing in MIBy participants

Overview

GKN Driveline North America, Inc. sponsors a self-funded health plan that covered 1,886 participants in plan year 2025, down 19% 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
1,886 · prior year 2,316
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
GKN Driveline North America Welfare Benefit Plan, plan 501 (1,886 participants)
Broker compensation
$433K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard Insurance CompanyLife, Long-term disability1,813$1.4M$407K
Vision Service PlanVision1,302$234K$23K
Arag Insurance CompanyLegal356$34K$3K

Pharmacy benefit estimate

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

$4.5M/ year

Estimated prescription spend: 1,886 participants × $2,371 national average per member. Usually higher once dependents are counted.

$116K–$287K/ year

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

Brands with a generic available$34K–$85K
Lower-cost therapeutic alternatives$50K–$104K
Generic pricing vs. actual cost$21K–$64K
PBM contract terms$11K–$34K
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
GKN Driveline North America, Inc.
Sponsor EIN
13-2886932
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-2886932 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
GKN U.S. Retirement Savings Plan
Type
401(k) plan
Participants
4,416

About this data

Source: GKN Driveline North America, Inc.'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 GKN Driveline North America, Inc..

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