Cirtec Medical Corporation

Brooklyn Park, MN Professional servicesNAICS 541330

Self-funded health planPlan year 2025Renews January
1,381Participants+1% vs. prior year
$3.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 27Professional services in MNBy participants

Overview

Cirtec Medical Corporation sponsors a self-funded health plan that covered 1,381 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, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,381 · prior year 1,366
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Cirtec Medical Corporation Group Health and Welfare Benefit Plan, plan 502 (1,381 participants)
Broker compensation
$151K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability1,274$1.1M$142K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,598$76K$9K

Pharmacy benefit estimate

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

$3.3M/ year

Estimated prescription spend: 1,381 participants × $2,371 national average per member. Usually higher once dependents are counted.

$85K–$210K/ year

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

Brands with a generic available$25K–$62K
Lower-cost therapeutic alternatives$36K–$76K
Generic pricing vs. actual cost$16K–$47K
PBM contract terms$8K–$25K
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
Cirtec Medical Corporation
Sponsor EIN
85-2716261
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 85-2716261 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Cirtec Medical Corporation 401(k) Plan
Type
401(k) plan
Participants
1,944

About this data

Source: Cirtec Medical Corporation'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 Cirtec Medical Corporation.

Request a correction · Methodology