Faribault Foods, Inc.
Overview
Faribault Foods, Inc. sponsors a self-funded health plan that covered 614 participants in plan year 2025, up 7% from 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
- 614 · prior year 573
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Faribault Foods, Inc. Wrap Plan, plan 506 (614 participants)
- Broker compensation
- $84K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Life Insurance Company of North America | Life, Short-term disability, Long-term disability | 614 | $609K | $74K |
| Colonial Life & Accident Company | Accident, Critical Illness, Hospital, Ca | 39 | $48K | $5K |
| Colonial Life & Accident Insurance Company | Accident, Critical Illness, Hospital, Ca | 39 | $32K | $2K |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co. | Vision | 513 | $18K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 614 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Faribault Foods, Inc.
- Sponsor EIN
- 41-0246215
- Plan number
- 506
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 41-0246215 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Faribault Foods, Inc. Pension Plan
- Type
- Pension plan
- Participants
- 320
About this data
Source: Faribault Foods, Inc.'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 Faribault Foods, Inc..