Modine Manufacturing Company

Racine, WI ManufacturingNAICS 336300

Self-funded health planPlan year 2025Renews April
3,263Participants-5% vs. prior year
$7.7MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#14 of 95Manufacturing in WIBy participants

Overview

Modine Manufacturing Company sponsors a self-funded health plan that covered 3,263 participants in plan year 2025, down 5% from the prior year. The plan year starts in April. 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
3,263 · prior year 3,434
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Modine Manufacturing Company Health and Welfare Plan, plan 501 (3,263 participants)
Broker compensation
$118K 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
Securian Life Insurance CompanyLife3,254$1.4M$37K
Lincoln National Life Insurance CompanyLong-term disability1,519$452K$56K
National Vision Administrators, L.l.c.Vision4,776$297K$24K
ComPsychEmployee Assistance Program3,263$56K—
National Union Fire Insurance Company of Pittsburgh, PABusiness Travel Accident3,263$8K$2K

Pharmacy benefit estimate

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

$7.7M/ year

Estimated prescription spend: 3,263 participants × $2,371 national average per member. Usually higher once dependents are counted.

$201K–$496K/ year

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

Brands with a generic available$59K–$147K
Lower-cost therapeutic alternatives$86K–$179K
Generic pricing vs. actual cost$37K–$111K
PBM contract terms$19K–$58K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Modine Manufacturing Company
Sponsor EIN
39-0482000
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-0482000 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Modine Manufacturing Company 401(k) Retirement Plan
Type
401(k) plan
Participants
5,052

About this data

Source: Modine Manufacturing Company'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 Modine Manufacturing Company.

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