Ingredion Incorporated

Westchester, IL ManufacturingNAICS 311200

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
515Participants-3% vs. prior year
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#121 of 122Manufacturing in ILBy participants

Overview

Ingredion Incorporated sponsors a self-funded health plan that covered 515 participants in plan year 2025, down 3% 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
515 · prior year 529
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Ingredion Incorporated Master Retiree Welfare Plan, plan 530 (515 participants)
Broker compensation
$69K 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
Unum Life Insurance Company of AmericaLife2,330$1.1M$59K
Reliance Standard Life Insurance CompanyLong-term disability2,960$683K—
Metropolitan Life Insurance CompanyVision, Medical4,042$342K$9K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 515 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$78K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$14K–$28K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
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
Ingredion Incorporated
Sponsor EIN
22-3514823
Plan number
530
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-3514823 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ingredion Incorporated Retirement Savings Plan for Salaried Employees
Type
401(k) plan
Participants
3,061

About this data

Source: Ingredion 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 Ingredion Incorporated.

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