Veeco Instruments Inc.

Plainview, NY ManufacturingNAICS 334410

Self-funded health planPlan year 2025Renews January
910Participants+3% vs. prior year
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#26 of 45Manufacturing in NYBy participants

Overview

Veeco Instruments Inc. sponsors a self-funded health plan that covered 910 participants in plan year 2025, up 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
910 · prior year 885
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Veeco Instruments Health and Welfare Benefit Plan, plan 550 (910 participants)
Broker compensation
$83K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
First Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability, Accidental Death and Dismemberment867$996K$83K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 910 participants × $2,371 national average per member. Usually higher once dependents are counted.

$56K–$138K/ year

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

Brands with a generic available$16K–$41K
Lower-cost therapeutic alternatives$24K–$50K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
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
Veeco Instruments Inc.
Sponsor EIN
11-2989601
Plan number
550
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-2989601 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Veeco Instruments Savings and Security Program Plan
Type
401(k) plan
Participants
1,514

About this data

Source: Veeco Instruments Inc.'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 Veeco Instruments Inc..

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