SKF USA Inc.
Overview
SKF USA Inc. sponsors a self-funded health plan that covered 2,472 participants in plan year 2025, down 13% 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
- 2,472 · prior year 2,847
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- SKF Flex Benefit Plan, plan 501 (2,472 participants); SKF Salaried Retiree Benefit Plan, plan 503 (2,147 participants); SKF USA Inc. Union Welfare Plan, plan 502 (741 participants)
- Broker compensation
- $767K 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life, Short-term disability, Long-term disability | 6,750 | $9.1M | $758K |
| Vision Service Plan | Vision | 913 | $281K | — |
| MetLife Legal Plans | Legal | 373 | $82K | $9K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,472 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
- SKF USA Inc.
- Sponsor EIN
- 23-1043740
- Plan numbers
- 501, 503, 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 23-1043740 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Pension Plan for Employees of SKF USA Inc.
- Type
- Pension plan
- Participants
- 6,881
About this data
Source: SKF USA 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 SKF USA Inc..