HP Inc.

Spring, TX ManufacturingNAICS 334110

Self-funded health planPlan year 2025Renews January
3,325Participants-4% vs. prior year
$7.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#28 of 149Manufacturing in TXBy participants

Overview

HP Inc. sponsors a self-funded health plan that covered 3,325 participants in plan year 2025, down 4% 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
3,325 · prior year 3,466
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
HP Inc. Cafeteria Plan, plan 525 (3,325 participants); HP Inc. 2023 US Enhanced Early Retirement Program, plan 561 (932 participants)
Broker compensation
$473K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, Accidental Death and Dismemberment, Long-term disability12,187$30.6M$196K
Kaiser Foundation Health Plan, Inc. Northern CaliforniaMedical1,174$13.0M—
Kaiser Foundation Health Plan, Inc. Southern CaliforniaMedical498$7.9M—
Kaiser Foundation Health Plan of the NorthwestMedical458$6.5M—
Eyemed Vision CareVision23,196$3.7M—
Sun Life Assurance Company of CanadaStop Loss10,865$2.2M$60K
Kaiser Foundation Health Plan of ColoradoMedical161$2.0M—
Kaiser Foundation Health Plan of Georgia, Inc.Medical161$2.0M—
Tufts Associated Health Maintenance Organization, Inc.Medical, HMO432$1.8M—
Arag Services, LLCPrepaid Legal6,692$1.5M—
American Heritage Life Insurance CompanyLife1,002$1.1M$156K
Sierra Health and Life Insurance Company, Inc.Medical1,117$1.1M—

Pharmacy benefit estimate

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

$7.9M/ year

Estimated prescription spend: 3,325 participants × $2,371 national average per member. Usually higher once dependents are counted.

$205K–$505K/ year

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

Brands with a generic available$60K–$150K
Lower-cost therapeutic alternatives$88K–$183K
Generic pricing vs. actual cost$38K–$114K
PBM contract terms$20K–$59K
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
HP Inc.
Sponsor EIN
94-1081436
Plan numbers
525, 561
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 94-1081436 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
HP Inc. 401(k) Plan
Type
401(k) plan
Participants
36,268

About this data

Source: HP 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 HP Inc..

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