Woodward, Inc.
Overview
Woodward, Inc. sponsors a self-funded health plan that covered 6,563 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
- 6,563 · prior year 6,172
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Woodward Employee Welfare Benefit Plan, plan 503 (6,563 participants)
- Stop-loss carrier
- Symetra Life Insurance Company
- Broker compensation
- $687K 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 |
|---|---|---|---|---|
| Standard Insurance Company | Life, Long-term disability | 7,057 | $6.5M | $258K |
| Kaiser Foundation Health Plan Inc. | Medical | 718 | $5.8M | — |
| Symetra Life Insurance Company | Stop-loss | 6,225 | $5.5M | $332K |
| Vision Service Plan | Vision | 6,731 | $948K | — |
| Transamerica Life Insurance Company | Medical | 415 | $819K | — |
| Elixir | Medical | 415 | $644K | $42K |
| Ameritas Life Insurance Corp. | Dental, Vision | 668 | $355K | — |
| Ameritas Life Insurance Corporation - Lincoln | Medical | 407 | $353K | — |
| Companion Life Insurance Company - Columbia | Medical | 415 | $347K | $50K |
| Empathia, Inc. | Employee Assistance Program | 6,877 | $201K | — |
| Ace American Insurance Company | Accidental Death & Dismemberment | 11,271 | $26K | $5K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 6,563 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
- Woodward, Inc.
- Sponsor EIN
- 36-1984010
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 36-1984010 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Woodward Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 9,400
About this data
Source: Woodward, 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 Woodward, Inc..