Azoa Services Corporation

Minneapolis, MN Finance & insuranceNAICS 524150

Self-funded health planPlan year 2024Renews January
5,006ParticipantsFirst year on file
$11.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 17Finance & insurance in MNBy participants

Overview

Azoa Services Corporation sponsors a self-funded health plan that covered 5,006 participants in plan year 2024. The plan year starts in January.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
5,006
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Allianz Post-Employment Health Care Savings Account, plan 501 (5,006 participants)
Medical

Pharmacy benefit estimate

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

$11.9M/ year

Estimated prescription spend: 5,006 participants × $2,371 national average per member. Usually higher once dependents are counted.

$309K–$761K/ year

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

Brands with a generic available$90K–$226K
Lower-cost therapeutic alternatives$132K–$275K
Generic pricing vs. actual cost$57K–$171K
PBM contract terms$30K–$89K
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
Azoa Services Corporation
Sponsor EIN
75-1723041
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 75-1723041 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Allianz Asset Accumulation Plan
Type
401(k) plan
Participants
9,091

About this data

Source: Azoa Services Corporation'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 Azoa Services Corporation.

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