Butler Machinery Company

Fargo, ND Wholesale tradeNAICS 423800

Self-funded health planPlan year 2025Renews January
903Participants+0% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 4Wholesale trade in NDBy participants

Overview

Butler Machinery Company sponsors a self-funded health plan that covered 903 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
903 · prior year 901
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Butler Machinery Company Health and Welfare Plan, plan 503 (903 participants)
Broker compensation
$159K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard Insurance CompanyLife, Long-term disability903$450K$151K
Vision Service PlanVision537$93K$3K
NationwideAccidental Death and Dismemberment475$56K$6K
Telus Health (US) Ltd.Employee Assistance Program837$23K—

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 903 participants × $2,371 national average per member. Usually higher once dependents are counted.

$56K–$137K/ year

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

Brands with a generic available$16K–$41K
Lower-cost therapeutic alternatives$24K–$50K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
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
Butler Machinery Company
Sponsor EIN
45-0113700
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 45-0113700 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Butler Machinery Company Retirement Plan
Type
401(k) plan
Participants
1,295

About this data

Source: Butler Machinery Company'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 Butler Machinery Company.

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