Teleflex Incorporated

Wayne, PA ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews January
4,385Participants+11% vs. prior year
$10.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 105Manufacturing in PABy participants

Overview

Teleflex Incorporated sponsors a self-funded health plan that covered 4,385 participants in plan year 2025, up 11% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
4,385 · prior year 3,955
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Teleflex Incorporated Health and Welfare Plan, plan 501 (4,385 participants)
Broker compensation
$855K across insured contracts
MedicalLife insuranceDentalVisionPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLong-term disability, Life4,234$5.5M$704K
Metropolitan Life Insurance CompanyAccident, Hospital, Critical Illness1,016$858K$143K
Eyemed Vision Care on Behalf of the Fidelity Security Life Ins. Co.Vision5,948$398K—
MetLife Legal PlansLegal520$85K$2K
Ace American Insurance CompanyBusiness Travel Accident3,480$27K$5K

Pharmacy benefit estimate

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

$10.4M/ year

Estimated prescription spend: 4,385 participants × $2,371 national average per member. Usually higher once dependents are counted.

$270K–$666K/ year

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

Brands with a generic available$79K–$198K
Lower-cost therapeutic alternatives$115K–$241K
Generic pricing vs. actual cost$50K–$150K
PBM contract terms$26K–$78K
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
Teleflex Incorporated
Sponsor EIN
23-1147939
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-1147939 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Teleflex 401(k) Savings Plan
Type
401(k) plan
Participants
5,676

About this data

Source: Teleflex 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 Teleflex Incorporated.

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