Associated Banc-Corp.

Green Bay, WI Finance & insuranceNAICS 522110

Self-funded health planPlan year 2025Renews January
2,989Participants-5% vs. prior year
$7.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 18Finance & insurance in WIBy participants

Overview

Associated Banc-Corp. sponsors a self-funded health plan that covered 2,989 participants in plan year 2025, down 5% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,989 · prior year 3,150
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Associated Banc-Corp. Group Health Plan, plan 501 (2,989 participants); Associated Banc-Corp. Flexible Benefits Plan, plan 505 (657 participants)
Stop-loss carrier
HM Life Insurance Company
Broker compensation
$488K across insured contracts
MedicalLife insuranceDentalVisionPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyLife, Long-term disability6,152$3.2M$396K
HM Life Insurance CompanyStop-loss2,877$1.8M—
Wyssta Insurance Company Inc.Vision1,339$496K$40K
Combined Insurance CompanyLong Term Care142$182K$26K
United Behavioral Health DBA OptumEmployee Assistance Program3,983$139K—
Legalplans, USALegal518$131K$26K
Federal Insurance CompanyBusiness Travel Accident3,955——
UnitedHealthcare Insurance CompanyMedical, Prescription drug3,186—$89

Pharmacy benefit estimate

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

$7.1M/ year

Estimated prescription spend: 2,989 participants × $2,371 national average per member. Usually higher once dependents are counted.

$184K–$454K/ year

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

Brands with a generic available$54K–$135K
Lower-cost therapeutic alternatives$79K–$164K
Generic pricing vs. actual cost$34K–$102K
PBM contract terms$18K–$53K
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
Associated Banc-Corp.
Sponsor EIN
39-1098068
Plan numbers
501, 505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-1098068 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Associated Banc-Corp. 401(k) and Employee Stock Ownership Plan
Type
401(k) plan
Participants
6,151

About this data

Source: Associated Banc-Corp.'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 Associated Banc-Corp..

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