Furniture Mart USA, Inc.

Sioux Falls, SD RetailNAICS 442110

Self-funded health planPlan year 2025Renews January
950Participants+9% vs. prior year
$2.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 2Retail in SDBy participants

Overview

Furniture Mart USA, Inc. sponsors a self-funded health plan that covered 950 participants in plan year 2025, up 9% 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
950 · prior year 869
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Furniture Mart USA Benefit Plans, plan 510 (950 participants)
Broker compensation
$40K 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
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability950$439K$34K
Vision Service PlanVision583$61K$6K

Pharmacy benefit estimate

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

$2.3M/ year

Estimated prescription spend: 950 participants × $2,371 national average per member. Usually higher once dependents are counted.

$59K–$144K/ year

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

Brands with a generic available$17K–$43K
Lower-cost therapeutic alternatives$25K–$52K
Generic pricing vs. actual cost$11K–$32K
PBM contract terms$6K–$17K
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
Furniture Mart USA, Inc.
Sponsor EIN
46-0346494
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 46-0346494 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Furniture Mart USA, Inc. Employee Profit Sharing 401(k) Plan
Type
401(k) plan
Participants
1,226

About this data

Source: Furniture Mart USA, 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 Furniture Mart USA, Inc..

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