The Lincoln Electric Company
Overview
The Lincoln Electric Company sponsors a self-funded health plan that covered 5,627 participants in plan year 2025, up 6% 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
- 5,627 · prior year 5,300
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- The Lincoln Electric Company Welfare Benefits Plan, plan 503 (5,627 participants)
- Stop-loss carrier
- Community Insurance Company
- Broker compensation
- $349K 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 |
|---|---|---|---|---|
| Community Insurance Company | Stop-loss | 8,028 | $3.1M | — |
| Metropolitan Life Insurance Company | Life, Short-term disability, Long-term disability | 5,583 | $2.0M | $123K |
| United American Insurance Company-Mckinney | Medical | 217 | $842K | $149K |
| Eyemed Vision Care on Behalf-Fidelity Security Life Insurance Company | Vision | 6,343 | $476K | $47K |
| Express Scripts, Inc. | Prescription drug | 106 | $300K | $20K |
| Compbenefits Insurance Company | Dental, HMO | 258 | $91K | $9K |
| Eyemed Vision Care-Fidelity Security Life Insurance Company | Vision | 66 | $6K | $621 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 5,627 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
- The Lincoln Electric Company
- Sponsor EIN
- 34-0359955
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 34-0359955 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- The Lincoln Electric Company Employee Savings Plan
- Type
- 401(k) plan
- Participants
- 7,628
About this data
Source: The Lincoln Electric 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 Lincoln Electric Company.