Starkey Laboratories, Inc.

Eden Prairie, MN ManufacturingNAICS 339110

Self-funded health planPlan year 2025Renews January
1,489Participants+1% vs. prior year
$3.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#28 of 78Manufacturing in MNBy participants

Overview

Starkey Laboratories, Inc. sponsors a self-funded health plan that covered 1,489 participants in plan year 2025, about the same as 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
1,489 · prior year 1,473
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Starkey Laboratories, Inc. Employee Benefit Plan, plan 501 (1,489 participants)
Broker compensation
$223K 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 disability, Accidental Death & Dismemberment1,489$1.3M$154K
Metropolitan Life Insurance CompanyCritical Illness, Accident, Hospital Indemnity1,385$355K$47K
Vision Service PlanVision1,331$149K$15K
Metropolitan General Insurance CompanyLegal Services Plan Memberships310$63K$7K

Pharmacy benefit estimate

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

$3.5M/ year

Estimated prescription spend: 1,489 participants × $2,371 national average per member. Usually higher once dependents are counted.

$92K–$226K/ year

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

Brands with a generic available$27K–$67K
Lower-cost therapeutic alternatives$39K–$82K
Generic pricing vs. actual cost$17K–$51K
PBM contract terms$9K–$26K
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
Starkey Laboratories, Inc.
Sponsor EIN
41-0913126
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-0913126 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Starkey Laboratories, Inc. Employee Retirement Plan
Type
401(k) plan
Participants
2,003

About this data

Source: Starkey Laboratories, 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 Starkey Laboratories, Inc..

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