Trane Technologies Company LLC

Davidson, NC ManufacturingNAICS 333200

Self-funded health planPlan year 2025Renews January
21,827Participants+0% vs. prior year
$51.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 85Manufacturing in NCBy participants

Overview

Trane Technologies Company LLC sponsors a self-funded health plan that covered 21,827 participants in plan year 2025, about the same as 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
21,827 · prior year 21,746
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Trane Technologies Health & Welfare Benefit Plan, plan 590 (21,827 participants); Trane Technologies Post-65 Retiree Medical Health Reimbursement Account Plan, plan 593 (5,185 participants); Trane Technologies Retiree Medical Plan for Eligible Bargained Employees, plan 592 (958 participants); Trane Technologies Retiree Medical Plan for Eligible Salaried and Non-Union Hourly Employees, plan 591 (564 participants)
Broker compensation
$683K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability34,238$26.3M$358K
Continental American Insurance CompanyShort-term disability10,239$2.9M$325K
Vision Service PlanVision19,948$2.0M—
Metropolitan Life Insurance CompanyDental852$382K—
Hartford Life and AccidentLife69$34K—
Zurich American Insurance CompanyLife28,429——

Pharmacy benefit estimate

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

$51.8M/ year

Estimated prescription spend: 21,827 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.3M–$3.3M/ year

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

Brands with a generic available$393K–$983K
Lower-cost therapeutic alternatives$574K–$1.2M
Generic pricing vs. actual cost$248K–$745K
PBM contract terms$129K–$388K
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
Trane Technologies Company LLC
Sponsor EIN
13-5156640
Plan numbers
590, 593, 592, 591
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-5156640 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Trane Technologies Employee Savings Plan (ESP)
Type
401(k) plan
Participants
28,065

About this data

Source: Trane Technologies Company LLC'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 Trane Technologies Company LLC.

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