Andersen Corporation

Bayport, MN ManufacturingNAICS 321900

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
16,212Participants+3% vs. prior year
$38.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 78Manufacturing in MNBy participants

Overview

Andersen Corporation sponsors a self-funded health plan that covered 16,212 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
16,212 · prior year 15,794
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Andersen Corporation Welfare Plan, plan 502 (16,212 participants); Andersen Corporation Retiree Medical Plan, plan 511 (2,564 participants)
Stop-loss carrier
Healthpartners/group Health Inc.
Broker compensation
$664K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Long-term disability16,736$10.5M$157K
Minnesota Life Insurance CompanyLife676$6.8M—
Reliastar Life Insurance CompanyAccident Voluntary Employee, Critical Illness Voluntary Employee, Hospital Confinement Voluntary Employee7,967$2.1M$472K
Vision Service PlanVision4,649$664K—
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance CompaVision3,442$372K—
Arag Insurance CompanyLegal2,178$275K$36K
Healthpartners/group Health Inc.Stop-loss1,016$25K—

Pharmacy benefit estimate

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

$38.4M/ year

Estimated prescription spend: 16,212 participants × $2,371 national average per member. Usually higher once dependents are counted.

$999K–$2.5M/ year

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

Brands with a generic available$292K–$730K
Lower-cost therapeutic alternatives$427K–$892K
Generic pricing vs. actual cost$185K–$554K
PBM contract terms$96K–$288K
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
Andersen Corporation
Sponsor EIN
41-0123208
Plan numbers
502, 511
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-0123208 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Andersen 401k Plan
Type
401(k) plan
Participants
19,059

About this data

Source: Andersen 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 Andersen Corporation.

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