Hillenbrand, Inc.

Batesville, IN ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews January
2,688Participants-31% vs. prior year
$6.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#16 of 93Manufacturing in INBy participants

Overview

Hillenbrand, Inc. sponsors a self-funded health plan that covered 2,688 participants in plan year 2025, down 31% 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
2,688 · prior year 3,883
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hillenbrand, Inc. Welfare Plan, plan 501 (2,688 participants)
Broker compensation
$245K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLife, Long-term disability2,688$1.9M$162K
Reliastar Life Insurance CompanyAccident, Critical Illness, Hospital1,021$388K$70K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,368$79K—
National Union Fire Ins. Co. of Pittsburgh, PABusiness Travel Accident2,688$41K$12K
Aetna Behavioral Health, LLCEmployee Assistance Program2,688$39K—

Pharmacy benefit estimate

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

$6.4M/ year

Estimated prescription spend: 2,688 participants × $2,371 national average per member. Usually higher once dependents are counted.

$166K–$409K/ year

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

Brands with a generic available$48K–$121K
Lower-cost therapeutic alternatives$71K–$148K
Generic pricing vs. actual cost$31K–$92K
PBM contract terms$16K–$48K
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
Hillenbrand, Inc.
Sponsor EIN
26-1342272
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-1342272 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Hillenbrand, 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 Hillenbrand, Inc..

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