The Goodyear Tire & Rubber Company

Akron, OH ManufacturingNAICS 326200

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
7,738Participants-3% vs. prior year
$18.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#10 of 147Manufacturing in OHBy participants

Overview

The Goodyear Tire & Rubber Company sponsors a self-funded health plan that covered 7,738 participants in plan year 2025, down 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
7,738 · prior year 7,982
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Flex Choice Benefits for Salaried Employees at Designated Locations, plan 531 (7,738 participants); Medical Benefits for Hourly Employees at Designated Locations, plan 505 (5,291 participants); Wingfoot Commercial Tire Systems, LLC Employee Welfare Benefit Plan, plan 553 (2,572 participants); Medical Benefits for Hourly Retirees at Designated Locations, plan 549 (182 participants)
Broker compensation
$2.0M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife, Long Term Care37,685$57.7M$670K
Unum Life Insurance Company of AmericaLong-term disability13,100$14.6M$401K
Continental American Insurance CompanyOptional Accident5,625$8.8M$944K
Hawaii Medical Service AssociationMedical158$823K—
Carelon Behavioral HealthEAP Program22,177$334K—

Pharmacy benefit estimate

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

$18.3M/ year

Estimated prescription spend: 7,738 participants × $2,371 national average per member. Usually higher once dependents are counted.

$477K–$1.2M/ year

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

Brands with a generic available$139K–$349K
Lower-cost therapeutic alternatives$204K–$426K
Generic pricing vs. actual cost$88K–$264K
PBM contract terms$46K–$138K
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
The Goodyear Tire & Rubber Company
Sponsor EIN
34-0253240
Plan numbers
531, 505, 553, 549
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-0253240 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Goodyear Tire & Rubber Company 1950 Pension Plan
Type
Pension plan
Participants
21,375

About this data

Source: The Goodyear Tire & Rubber Company'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 The Goodyear Tire & Rubber Company.

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