Colson Medical, LLC

Chicago, IL ManufacturingNAICS 339110

Self-funded health planPlan year 2025Renews January
1,243Participants+11% vs. prior year
$2.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#67 of 122Manufacturing in ILBy participants

Overview

Colson Medical, LLC sponsors a self-funded health plan that covered 1,243 participants in plan year 2025, up 11% from 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
1,243 · prior year 1,121
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Colson Medical, LLC Medical Plan, plan 501 (1,243 participants)
Broker compensation
$358 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
Continental Americam Insurance CompanyLong-term disability1,245$487K—
Continental American Insurance CompanyLife1,245$460K—
Vision Service PlanVision1,013$126K$-3
National Union Fire Ins. Co. of Pittsburgh, PABusiness Travel Accident1,201$2K$361

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,243 participants × $2,371 national average per member. Usually higher once dependents are counted.

$77K–$189K/ year

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

Brands with a generic available$22K–$56K
Lower-cost therapeutic alternatives$33K–$68K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
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
Colson Medical, LLC
Sponsor EIN
84-2860690
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 84-2860690 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Colson Medical LLC Employees' Retirement Plan
Type
401(k) plan
Participants
1,786

About this data

Source: Colson Medical, LLC'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 Colson Medical, LLC.

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