Amesbury Industries, Inc.

Edina, MN ManufacturingNAICS 327300

Self-funded health planPlan year 2024Renews January
1,248ParticipantsFirst year on file
$3.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#36 of 78Manufacturing in MNBy participants

Overview

Amesbury Industries, Inc. sponsors a self-funded health plan that covered 1,248 participants in plan year 2024. 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
1,248
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Amesbury Truth Medical Plan Document and Summary Plan Description, plan 501 (1,248 participants)
Broker compensation
$164K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
RX BenefitsPrescription drug819$2.4M$40K
Hartford Life and AccidentLife, Short-term disability, Long-term disability1,224$1.1M$59K
Delta Dental of South DakotaDental1,547$598K$23K
Unum Insurance CompanyAccident, Hospital Indemnity, Specified Disease195$112K$16K
VSPVision774$83K$10K
LifeworksEAP1,267$56K—
Provident Life and Accident Insurance CompanyDisability47$29K$16K

Pharmacy benefit estimate

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

$3.0M/ year

Estimated prescription spend: 1,248 participants × $2,371 national average per member. Usually higher once dependents are counted.

$77K–$190K/ year

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

Brands with a generic available$22K–$56K
Lower-cost therapeutic alternatives$33K–$69K
Generic pricing vs. actual cost$14K–$43K
PBM contract terms$7K–$22K
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 2024
Plan sponsor
Amesbury Industries, Inc.
Sponsor EIN
11-2557875
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-2557875 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Amesbury Industries, Inc.'s Form 5500 filing for plan year 2024 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 Amesbury Industries, Inc..

Request a correction · Methodology