Hypertherm Incorporated
Overview
Hypertherm Incorporated sponsors a self-funded health plan that covered 1,528 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
- 1,528 · prior year 1,591
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Hypertherm Employee Benefits Plan, plan 501 (1,528 participants)
- Stop-loss carrier
- Cigna Health and Life Insurance Company and Affiliates (cigna)
- Broker compensation
- $214K 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 |
|---|---|---|---|---|
| Reliance Standard Life Insurance Company | Life, AD&D, Long-term disability, Medical, Weekly Income, Medical & Family Leave | 1,557 | $1.3M | $137K |
| Cigna Health and Life Insurance Company and Affiliates (cigna) | Stop-loss | 2,952 | $1.1M | — |
| Eyemed Vision Care on Behalf of the Fidelity Security Life Ins Co. | Vision | 2,820 | $169K | $18K |
| Unum Life Insurance Company of America | Group Long Term Care | 1,163 | $151K | $21K |
| Reliastar Life Insurance Company | Accident Voluntary Employee, Critical Il | 1,066 | $113K | $26K |
| Ulliance, Inc. | Life Advisor Employee Assistance Program | 1,757 | $61K | — |
| Legalplans USA | Legal Plans | 264 | $58K | $12K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,528 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
- Hypertherm Incorporated
- Sponsor EIN
- 02-0274267
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 02-0274267 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Hypertherm Associate Stock Ownership Plan
- Type
- Defined contribution plan
- Participants
- 1,991
About this data
Source: Hypertherm Incorporated'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 Hypertherm Incorporated.