Varex Imaging Corporation

Salt Lake City, UT ManufacturingNAICS 334500

Self-funded health planPlan year 2025Renews January
1,197Participants-2% vs. prior year
$2.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 16Manufacturing in UTBy participants

Overview

Varex Imaging Corporation sponsors a self-funded health plan that covered 1,197 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
1,197 · prior year 1,228
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Varex Imaging Corporation Health & Welfare Benefit Plan, plan 501 (1,197 participants)
Broker compensation
$122K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Long-term disability1,197$908K$82K
Reliastar Life Insurance CompanyAccident, Critical Illness, Hospital2,292$162K$31K
Vision Service PlanVision880$148K—
MetLife Legal PlansLegal156$39K$4K
Ace American Insurance CompanyBusiness Travel Accident1,197$28K$5K

Pharmacy benefit estimate

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

$2.8M/ year

Estimated prescription spend: 1,197 participants × $2,371 national average per member. Usually higher once dependents are counted.

$74K–$182K/ year

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

Brands with a generic available$22K–$54K
Lower-cost therapeutic alternatives$32K–$66K
Generic pricing vs. actual cost$14K–$41K
PBM contract terms$7K–$21K
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
Varex Imaging Corporation
Sponsor EIN
81-3434516
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 81-3434516 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Varex Imaging Corporation 401(k) Retirement Plan
Type
401(k) plan
Participants
1,713

About this data

Source: Varex Imaging 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 Varex Imaging Corporation.

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