Xerox Corporation

Norwalk, CT ManufacturingNAICS 334110

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
7,300Participants-14% vs. prior year
$17.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 34Manufacturing in CTBy participants

Overview

Xerox Corporation sponsors a self-funded health plan that covered 7,300 participants in plan year 2025, down 14% 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
7,300 · prior year 8,448
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Xerox Corporation Cafeteria Plan, plan 512 (7,300 participants)
Broker compensation
$432K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife13,788$5.7M$143K
Prudential Insurance Company of AmericaLong-term disability, Short-term disability7,654$2.4M$50K
Kaiser Foundation Health Plan Inc.Medical263$2.2M—
Kaiser Foundation Health Plans, Inc. of Northern CaliforniaMedical, HMO175$1.5M—
Continental American Insurance CompanyLife2,270$1.1M$219K
Blue Cross Blue Shield of HawaiiMedical, HMO111$811K—
Vision Service PlanVision5,654$768K—
Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc.Medical, HMO67$570K—
Kaiser Foundation Health Plan of the NorthwestMedical, HMO53$481K—
Kaiser Foundation Health Plan of WashingtonMedical36$365K—
Kaiser Foundation Health Plan of ColoradoMedical35$353K—
Kaiser Foundation Health Plan of GeorgiaMedical, HMO25$248K—

Pharmacy benefit estimate

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

$17.3M/ year

Estimated prescription spend: 7,300 participants × $2,371 national average per member. Usually higher once dependents are counted.

$450K–$1.1M/ year

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

Brands with a generic available$132K–$329K
Lower-cost therapeutic alternatives$192K–$402K
Generic pricing vs. actual cost$83K–$249K
PBM contract terms$43K–$130K
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
Xerox Corporation
Sponsor EIN
16-0468020
Plan number
512
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 16-0468020 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Xerox Corporation Savings Plan
Type
401(k) plan
Participants
20,394

About this data

Source: Xerox 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 Xerox Corporation.

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