The Procter & Gamble Company
Overview
The Procter & Gamble Company sponsors a self-funded health plan that covered 19,000 participants in plan year 2024. The plan year starts in July. 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
- 19,000
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Procter & Gamble Retiree Welfare Benefits Plan, plan 557 (19,000 participants)
- Broker compensation
- $421K 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life, Accidental Death & Dismemberment | 45,605 | $27.7M | $362K |
| Arag Insurance Company | Prepaid Legal | 13,500 | $1.7M | — |
| Triple-S Salud, Inc. | Medical, Prescription drug, Dental | 136 | $1.2M | $60K |
| Zurich American Insurance Company | Accidental Death and Dismemberment | 109,000 | $83K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 19,000 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 2024
- Plan sponsor
- The Procter & Gamble Company
- Sponsor EIN
- 31-0411980
- Plan number
- 557
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 31-0411980 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Procter & Gamble Profit Sharing Trust & Employee Stock Ownership Plan
- Type
- Defined contribution plan
- Participants
- 69,403
About this data
Source: The Procter & Gamble Company's Form 5500 filing for plan year 2024 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 Procter & Gamble Company.