Harman International Industries, Inc.

Stamford, CT ManufacturingNAICS 334410

Self-funded health planPlan year 2025Renews January
31,544Participants-6% vs. prior year
$74.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 34Manufacturing in CTBy participants

Overview

Harman International Industries, Inc. sponsors a self-funded health plan that covered 31,544 participants in plan year 2025, down 6% 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
31,544 · prior year 33,591
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Harman International Industries, Inc. Health and Welfare Benefit Plan, plan 501 (31,544 participants)
Stop-loss carrier
Sun Life Assurance Company of Canada
Broker compensation
$428K 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
Sun Life Assurance Company of CanadaStop-loss1,799$2.5M$154K
Unum Life Insurance Company of AmericaLong-term disability, Life2,294$2.0M$145K
Reliastar Life Insurance CompanyVoluntary Accident, Critical Illness and3,510$367K$71K
Zurich American Insurance CompanyAccidental Death and Dismemberment31,938$138K$35K
Cigna Health and Life Insurance Company and AffiliatesDental, HMO459$110K—
Arag Insurance CompanyLegal722$100K$18K
Aetna Behavioral Health, LLCEmployee Assistance Program1,823$38K—
Health and Human Resource CenterEmployee Assistance Program366$7K—

Pharmacy benefit estimate

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

$74.8M/ year

Estimated prescription spend: 31,544 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.9M–$4.8M/ year

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

Brands with a generic available$568K–$1.4M
Lower-cost therapeutic alternatives$830K–$1.7M
Generic pricing vs. actual cost$359K–$1.1M
PBM contract terms$187K–$561K
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
Harman International Industries, Inc.
Sponsor EIN
11-2534306
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-2534306 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Harman International Industries, Incorporated Retirement Savings Plan
Type
401(k) plan
Participants
3,941

About this data

Source: Harman International Industries, 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 Harman International Industries, Inc..

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