Grain Millers Inc.

Eden Prairie, MN ManufacturingNAICS 311200

Self-funded health planPlan year 2025Renews January
852Participants+29% vs. prior year
$2.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#52 of 78Manufacturing in MNBy participants

Overview

Grain Millers Inc. sponsors a self-funded health plan that covered 852 participants in plan year 2025, up 29% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
852 · prior year 661
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Grain Millers Inc. Group Benefits Plan, plan 505 (852 participants)
Broker compensation
$68K across insured contracts
MedicalLife insuranceDentalShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability782$452K$49K
Unum Insurance CompanyPaid Leave Medical376$238K$13K
Fidelity Security Life Insurance CompanyVision972$65K$6K

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 852 participants × $2,371 national average per member. Usually higher once dependents are counted.

$53K–$129K/ year

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

Brands with a generic available$15K–$38K
Lower-cost therapeutic alternatives$22K–$47K
Generic pricing vs. actual cost$10K–$29K
PBM contract terms$5K–$15K
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
Grain Millers Inc.
Sponsor EIN
91-1199825
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 91-1199825 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Grain Millers, Inc. Retirement Savings Plan
Type
401(k) plan
Participants
896

About this data

Source: Grain Millers 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 Grain Millers Inc..

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