Teledyne Technologies Incorporated

Thousand Oaks, CA ManufacturingNAICS 334500

Self-funded health planPlan year 2025Renews January
8,700Participants-2% vs. prior year
$20.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 61Manufacturing in CABy participants

Overview

Teledyne Technologies Incorporated sponsors a self-funded health plan that covered 8,700 participants in plan year 2025, down 2% 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
8,700 · prior year 8,882
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Teledyne Technologies Incorporated Health and Welfare Plan, plan 501 (8,700 participants)
Stop-loss carrier
Anthem Blue Cross Life and Health Insurance Company
Broker compensation
$226K 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
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, HMO1,457$20.8M—
Anthem Blue Cross Life and Health Insurance CompanyStop-loss10,482$4.7M$111K
The Lincoln National Life Insurance CompanyLife, Voluntary Employee and Dependent Acciden10,885$4.4M$69K
Life Insurance Company of North AmericaBusiness Travel Accident, Short-term disability, Long-term disability8,419$1.8M$22K
Vision Service PlanVision6,632$907K—
Kaiser Foundation Health Plan of the NorthwestMedical, Prescription drug, HMO76$572K—
Kaiser Foundation Health Plan of ColoradoMedical, Prescription drug, HMO32$321K—
Kaiser Foundation Health Plan of the Mid-AtlanticMedical, Prescription drug, HMO36$275K—
Cigna Health and Life Insurance CompanyMedical, Dental, Vision28$229K—
Metropolitan General Insurance CompanyLegal1,068$173K$24K
Cigna Health and Life Insurance Company and Affiliates (cigna)Medical7,515$55K—

Pharmacy benefit estimate

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

$20.6M/ year

Estimated prescription spend: 8,700 participants × $2,371 national average per member. Usually higher once dependents are counted.

$536K–$1.3M/ year

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

Brands with a generic available$157K–$392K
Lower-cost therapeutic alternatives$229K–$479K
Generic pricing vs. actual cost$99K–$297K
PBM contract terms$52K–$155K
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
Teledyne Technologies Incorporated
Sponsor EIN
25-1843385
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 25-1843385 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Teledyne Technologies Incorporated 401(k) Plan
Type
401(k) plan
Participants
12,959

About this data

Source: Teledyne Technologies Incorporated'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 Teledyne Technologies Incorporated.

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