Fishback Financial Corporation

Brookings, SD Finance & insuranceNAICS 522110

Self-funded health planPlan year 2025Renews January
542Participants-1% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 3Finance & insurance in SDBy participants

Overview

Fishback Financial Corporation sponsors a self-funded health plan that covered 542 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, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
542 · prior year 545
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Fishback Financial Corporation Wrap Plan, plan 501 (542 participants)
Broker compensation
$90K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
AflacCancer, Accident Ins, Hosp Indemn308$349K$60K
United of Omaha Life Insurance Co.Life, Long-term disability681$198K$28K
Vision Service PlanVision527$57K$2K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 542 participants × $2,371 national average per member. Usually higher once dependents are counted.

$33K–$82K/ year

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

Brands with a generic available$10K–$24K
Lower-cost therapeutic alternatives$14K–$30K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Fishback Financial Corporation
Sponsor EIN
46-0306542
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 46-0306542 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fishback Financial Corporation Employee Stock Ownership Plan
Type
Defined contribution plan
Participants
874

About this data

Source: Fishback Financial 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 Fishback Financial Corporation.

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