Border Foods, Inc.

New Hope, MN HospitalityNAICS 722513

Self-funded health planPlan year 2025Renews April
764Participants+3% vs. prior year
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#4 of 4Hospitality in MNBy participants

Overview

Border Foods, Inc. sponsors a self-funded health plan that covered 764 participants in plan year 2025, up 3% from the prior year. The plan year starts in April. 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
764 · prior year 744
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Border Foods, Inc. Group Benefits Plan, plan 501 (764 participants)
Broker compensation
$83K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability764$410K$73K
Eyemed Vision Care on Behalf of the Fidelity Security Life Ins. Co.Vision1,023$101K$10K

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 764 participants × $2,371 national average per member. Usually higher once dependents are counted.

$47K–$116K/ year

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

Brands with a generic available$14K–$34K
Lower-cost therapeutic alternatives$20K–$42K
Generic pricing vs. actual cost$9K–$26K
PBM contract terms$5K–$14K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Border Foods, Inc.
Sponsor EIN
41-1848543
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-1848543 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Border Foods, LLC. 401(k) Plan
Type
401(k) plan
Participants
3,568

About this data

Source: Border Foods, 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 Border Foods, Inc..

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