Plug Power, Inc.
Overview
Plug Power, Inc. sponsors a self-funded health plan that covered 2,820 participants in plan year 2025, down 12% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 2,820 · prior year 3,215
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Plug Power Inc. Health and Welfare Employee Benefit Plan, plan 501 (2,820 participants)
- Broker compensation
- $145K 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 |
|---|---|---|---|---|
| First Unum Life Insurance Company | Life, Short-term disability, Long-term disability | 2,012 | $628K | $63K |
| Provident Life and Casualty Insurance Company | Accident, Specified Disease, Hospital In | 941 | $282K | $71K |
| Eyemed Vision Care | Vision | 3,275 | $248K | $11K |
| Unum Life Insurance Company of America | Short-term disability | 29 | $12K | $608 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,820 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
- Plug Power, Inc.
- Sponsor EIN
- 22-3672377
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 22-3672377 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Plug Power Inc. Savings and Retirement Plan
- Type
- 401(k) plan
- Participants
- 3,644
About this data
Source: Plug Power, 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 Plug Power, Inc..