Piper Aircraft, Inc.

Vero Beach, FL ManufacturingNAICS 336990

Self-funded health planPlan year 2025Renews January
1,921Participants+5% vs. prior year
$4.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#11 of 48Manufacturing in FLBy participants

Overview

Piper Aircraft, Inc. sponsors a self-funded health plan that covered 1,921 participants in plan year 2025, up 5% 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
1,921 · prior year 1,831
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Piper Aircraft, Inc. Welfare Benefits Plan, plan 501 (1,921 participants)
Broker compensation
$210K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath 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, Long-term disability1,902$715K$18K
Hartford Life and AccidentAccident455$185K$156K
Humana Insurance CompanyVision872$80K$2K
Wellfleet Insurance CompanyCritical Illness, Cancer461$77K$14K
Combined Insurance Company of AmericaHospital208$37K$7K
Combined Insurance CompanyLife40$30K$10K
Aetna Behavioral Health, LLCEmployee Assistance Program1,400$21K—
Preferred LegalLegal168$20K$3K

Pharmacy benefit estimate

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

$4.6M/ year

Estimated prescription spend: 1,921 participants × $2,371 national average per member. Usually higher once dependents are counted.

$118K–$292K/ year

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

Brands with a generic available$35K–$87K
Lower-cost therapeutic alternatives$51K–$106K
Generic pricing vs. actual cost$22K–$66K
PBM contract terms$11K–$34K
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
Piper Aircraft, Inc.
Sponsor EIN
23-2809685
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-2809685 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Piper Aircraft, Inc. Retirement Savings Plan
Type
401(k) plan
Participants
1,784

About this data

Source: Piper Aircraft, 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 Piper Aircraft, Inc..

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