Bomgaars Supply, Inc.

Sioux City, IA RetailNAICS 452300

Self-funded health planPlan year 2025Renews January
2,448Participants0% vs. prior year
$5.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 7Retail in IABy participants

Overview

Bomgaars Supply, Inc. sponsors a self-funded health plan that covered 2,448 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,448 · prior year 2,458
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Bomgaars Supply, Inc. Employee Benefit Plan, plan 501 (2,448 participants)
Broker compensation
$176K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability, Short-term disability2,263$787K$97K
Reliastar Life Insurance CompanyAccident, Critical Illness969$243K$64K
Fidelity Security Life Insurance CompanyVision1,835$137K$15K

Pharmacy benefit estimate

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

$5.8M/ year

Estimated prescription spend: 2,448 participants × $2,371 national average per member. Usually higher once dependents are counted.

$151K–$372K/ year

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

Brands with a generic available$44K–$110K
Lower-cost therapeutic alternatives$64K–$135K
Generic pricing vs. actual cost$28K–$84K
PBM contract terms$15K–$44K
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
Bomgaars Supply, Inc.
Sponsor EIN
42-0795588
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 42-0795588 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Bomgaars Supply, Inc. Profit Sharing and Savings Plan
Type
401(k) plan
Participants
3,433

About this data

Source: Bomgaars Supply, Inc.'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 Bomgaars Supply, Inc..

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