IP Corporation

St. Paul, MN ManufacturingNAICS 326100

Self-funded health planPlan year 2025Renews January
558Participants+9% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#74 of 78Manufacturing in MNBy participants

Overview

IP Corporation sponsors a self-funded health plan that covered 558 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
558 · prior year 514
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
IP Veba Plan & Trust, plan 510 (558 participants)
Stop-loss carrier
Medica Insurance Company
Broker compensation
$169K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Medica Insurance CompanyStop-loss977$1.4M$54K
Lincoln National Life Insurance CompanyLife, Long-term disability, Accident, Critical Illness719$514K$110K
Fidelity Security Life Insurance CompanyVision894$56K$6K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 558 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$85K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$31K
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
IP Corporation
Sponsor EIN
41-0850438
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-0850438 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
IP Corporation 401(k) Plan
Type
401(k) plan
Participants
897

About this data

Source: IP 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 IP Corporation.

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