Bremer Financial Corporation
Overview
Bremer Financial Corporation sponsors a self-funded health plan that covered 1,508 participants in plan year 2024. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,508
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Bremer Banks Group Benefits Plan, plan 501 (1,508 participants)
- Stop-loss carrier
- Medica Insurance Company
- Broker compensation
- $76K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Unum Life Insurance Company of America | Long-term disability, Gciee, Grpaccvoen, Grphspvoen, Life | 1,439 | $363K | $58K |
| Medica Insurance Company | Stop-loss | 2,523 | $175K | $17K |
| Provident Life and Accident Insurance Company | Life | 96 | $12K | $1K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,508 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Bremer Financial Corporation
- Sponsor EIN
- 41-0715583
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 41-0715583 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Bremer Retirement Plan
- Type
- Pension plan
- Participants
- 3,576
About this data
Source: Bremer Financial 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 Bremer Financial Corporation.