Solventum Corporation

Eagan, MN ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
5,309Participants+3% vs. prior year
$12.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#9 of 78Manufacturing in MNBy participants

Overview

Solventum Corporation sponsors a self-funded health plan that covered 5,309 participants in plan year 2025, up 3% 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
5,309 · prior year 5,180
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Solventum Retiree Welfare Benefit Plan, plan 522 (5,309 participants)
Broker compensation
$304K 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 CompanyLife10,547$7.4M$181K
Vision Service PlanVision7,325$1.9M—
Reliastar Life Insurance CompanyAccident, Critical Illness6,723$1.2M$123K
National Union Fire Ins. Co. of Pittsburgh, PABusiness Travel Accident10,495$54K—

Pharmacy benefit estimate

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

$12.6M/ year

Estimated prescription spend: 5,309 participants × $2,371 national average per member. Usually higher once dependents are counted.

$327K–$807K/ year

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

Brands with a generic available$96K–$239K
Lower-cost therapeutic alternatives$140K–$292K
Generic pricing vs. actual cost$60K–$181K
PBM contract terms$31K–$94K
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
Solventum Corporation
Sponsor EIN
92-2008841
Plan number
522
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 92-2008841 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Solventum Voluntary Investment Plan
Type
401(k) plan
Participants
11,816

About this data

Source: Solventum Corporation'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 Solventum Corporation.

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