Edgewood Management Group, LLC

Grand Forks, ND Health careNAICS 623000

Self-funded health planPlan year 2025Renews January
2,350Participants-13% vs. prior year
$5.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 3Health care in NDBy participants

Overview

Edgewood Management Group, LLC sponsors a self-funded health plan that covered 2,350 participants in plan year 2025, down 13% 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
2,350 · prior year 2,690
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Edgewood Management Group Benefit Plan, plan 501 (2,350 participants)
Broker compensation
$133K 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
Reliastar Life Insurance CompanyLife, Long-term disability2,019$544K$128K
Vision Service PlanVision992$135K$6K

Pharmacy benefit estimate

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

$5.6M/ year

Estimated prescription spend: 2,350 participants × $2,371 national average per member. Usually higher once dependents are counted.

$145K–$357K/ year

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

Brands with a generic available$42K–$106K
Lower-cost therapeutic alternatives$62K–$129K
Generic pricing vs. actual cost$27K–$80K
PBM contract terms$14K–$42K
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
Edgewood Management Group, LLC
Sponsor EIN
26-3415102
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-3415102 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Edgewood Management Group, LLC 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
3,492

About this data

Source: Edgewood Management Group, 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 Edgewood Management Group, LLC.

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