FPH MAG Management, LLC

Minnetonka, MN RetailNAICS 441110

Self-funded health planPlan year 2025Renews April
1,417Participants0% vs. prior year
$3.4MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#12 of 25Retail in MNBy participants

Overview

FPH MAG Management, LLC sponsors a self-funded health plan that covered 1,417 participants in plan year 2025, about the same as the prior year. The plan year starts in April. 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
1,417 · prior year 1,417
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
FPH MAG Management, LLC Employee Benefit Plan, plan 501 (1,417 participants)
Broker compensation
$122K 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
Unum Life Insurance Company of AmericaGroup Accident, Life, Short-term disability, Long-term disability1,327$910K$109K
Starmount Life Insurance CompanyVision664$73K$13K

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,417 participants × $2,371 national average per member. Usually higher once dependents are counted.

$87K–$215K/ year

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

Brands with a generic available$26K–$64K
Lower-cost therapeutic alternatives$37K–$78K
Generic pricing vs. actual cost$16K–$48K
PBM contract terms$8K–$25K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
FPH MAG Management, LLC
Sponsor EIN
81-1268657
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 81-1268657 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: FPH MAG Management, 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 FPH MAG Management, LLC.

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