Home Market Foods

Norwood, MA ManufacturingNAICS 311610

Self-funded health planPlan year 2025Renews January
538Participants+2% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#47 of 48Manufacturing in MABy participants

Overview

Home Market Foods sponsors a self-funded health plan that covered 538 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, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
538 · prior year 530
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Home Market Foods Health and Welfare Plan, plan 501 (538 participants)
Broker compensation
$12K 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, Long-term disability540$98K$8K
Colonial Life and Accident Insurance CompanyLife33$44K$4K
UnitedHealthcare Insurance CompanyVision675$30K—
Employee Assistance GroupEmployee Assistance Program550$15K—

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 538 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–$18K
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
Home Market Foods
Sponsor EIN
04-3263154
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-3263154 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Home Market Foods, Inc. 401(k) Plan
Type
401(k) plan
Participants
700

About this data

Source: Home Market Foods'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 Home Market Foods.

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