Efco Corp.

Des Moines, IA Real estateNAICS 532400

Self-funded health planPlan year 2025Renews January
709Participants0% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 2Real estate in IABy participants

Overview

Efco Corp. sponsors a self-funded health plan that covered 709 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
709 · prior year 709
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Group Life Hospitalization Disability Dental Vision Plan, plan 501 (709 participants)
Broker compensation
$16K 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
Delta Dental of IowaDental479$376K—
Symetra Life Insurance CompanyLife, Long-term disability671$284K$16K
Veratrus Benefit SolutionsVision418$74K—

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 709 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$108K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$13K
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
Efco Corp.
Sponsor EIN
42-1360262
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 42-1360262 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Efco Contribution & 401(k) Plan
Type
401(k) plan
Participants
962

About this data

Source: Efco Corp.'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 Efco Corp..

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