Lakewood Health System

Staples, MN Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
500Participants+11% vs. prior year
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#50 of 50Health care in MNBy participants

Overview

Lakewood Health System sponsors a self-funded health plan that covered 500 participants in plan year 2025, up 11% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
500 · prior year 450
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Lakewood Health System Benefit Plan, plan 501 (500 participants)
Broker compensation
$42K across insured contracts
MedicalLife insuranceDentalShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Delta Dental of MinnesotaDental1,053$493K$15K
Life Insurance Company of North AmericaLife, Short-term disability, Long-term disability500$454K$15K
Metropolitan Life Insurance CompanyCritical Illness, Accident, Hospital213$49K$10K
Pre-Paid Legal Services, Inc. DBA LegalshieldLegal106$20K$3K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 500 participants × $2,371 national average per member. Usually higher once dependents are counted.

$31K–$76K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$13K–$28K
Generic pricing vs. actual cost$6K–$17K
PBM contract terms$3K–$9K
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
Lakewood Health System
Sponsor EIN
41-1842965
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-1842965 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Lakewood Health System 401(k) Plan
Type
401(k) plan
Participants
1,073

About this data

Source: Lakewood Health System'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 Lakewood Health System.

Request a correction · Methodology