Terex Corporation
Overview
Terex Corporation sponsors a self-funded health plan that covered 5,766 participants in plan year 2025, up 41% 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
- 5,766 · prior year 4,085
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Terex Corporation Premium Payment Plan, plan 601 (5,766 participants); Terex Corporation Health and Welfare Benefits Plan, plan 501 (5,766 participants)
- Stop-loss carrier
- Anthem Health Plans, Inc.
- Broker compensation
- $366K 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 |
|---|---|---|---|---|
| Reliance Insurance Company of America | Disability Benefit Law, Medical & Family Leave, Life, Long-term disability, Accidental Death and Dismemberment | 5,643 | $5.0M | $360K |
| Anthem Health Plans, Inc. | Vision, Stop-loss | 10,362 | $2.8M | — |
| Spring Health | EAP | 19,696 | $821K | — |
| Ace American Insurance Company | Accidental Death and Dismemberment | 10,837 | $23K | $6K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 5,766 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
- Terex Corporation
- Sponsor EIN
- 34-1531521
- Plan numbers
- 601, 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 34-1531521 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Terex Corporation and Affiliates 401(k) Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 8,125
About this data
Source: Terex 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 Terex Corporation.