Lear Corporation
Overview
Lear Corporation sponsors a self-funded health plan that covered 526 participants in plan year 2025, down 15% 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
- 526 · prior year 617
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Lear Corporation Retiree Welfare Benefit Plan, plan 547 (526 participants)
- Broker compensation
- $157K 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 |
|---|---|---|---|---|
| Sun Life Assurance Company of Canada | Life, Long-term disability | 9,136 | $4.0M | $139K |
| ComPsych Corporation | EAP | 9,391 | $165K | — |
| Metropolitan General Insurance Company | Legal | 623 | $153K | $18K |
| Cigna Health and Life Insurance Co. | Medical, Dental, Medical Benefits Abroad Coverage | 25 | $132K | — |
| Metropolitan Life Insurance Company | Long-term disability | 32 | $14K | $40 |
| Life Insurance Company of North America | Business Travel Accident | 2,499 | — | $69 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 526 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
- Lear Corporation
- Sponsor EIN
- 13-3386776
- Plan number
- 547
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 13-3386776 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Lear Corporation Hourly Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 7,456
About this data
Source: Lear Corporation'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 Lear Corporation.