Sandvik Inc.
Overview
Sandvik Inc. sponsors a self-funded health plan that covered 2,305 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
- 2,305 · prior year 2,703
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Sandvik, Inc. Health and Welfare Benefits Plan, plan 605 (2,305 participants)
- Broker compensation
- $475K 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 |
|---|---|---|---|---|
| Standard Insurance Company | Accident, Critical Illness, Hospital Ind, Life, Long-term disability, Short-term disability | 2,669 | $3.4M | $395K |
| Cigna Health and Life Insurance Company and Affiliates | Dental | 2,283 | $1.8M | $74K |
| Vision Service Plan | Vision | 1,892 | $423K | $6K |
| National Union Fire Ins. Co. of Pittsburgh, PA | Business Travel Accident | 2,179 | $8K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,305 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
- Sandvik Inc.
- Sponsor EIN
- 22-1717737
- Plan number
- 605
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 22-1717737 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Sandvik Pension Plan
- Type
- Pension plan
- Participants
- 4,638
About this data
Source: Sandvik 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 Sandvik Inc..