Magnera Corporation
Overview
Magnera Corporation sponsors a self-funded health plan that covered 3,261 participants in plan year 2025, up 48% 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
- 3,261 · prior year 2,200
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Magnera Health and Welfare Benefits Plan, plan 501 (3,261 participants)
- Broker compensation
- $128K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Securian Life Insurance Company | Life | 1,739 | $1.4M | $85K |
| Unum Life Insurance Company of America | Life, Long-term disability | 592 | $347K | $15K |
| Prudential Insurance Company of America | Long-term disability | 1,638 | $338K | $17K |
| Vision Service Plan | Vision | 477 | $70K | — |
| ComPsych Corporation | Employee Assistance Program | 3,449 | $37K | — |
| Metropolitan General Insurance Company | Legal | 105 | $21K | $4K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 3,261 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Magnera Corporation
- Sponsor EIN
- 23-0628360
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 23-0628360 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Magnera Corporation 401(k) Savings Plan
- Type
- 401(k) plan
- Participants
- 1,175
About this data
Source: Magnera 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 Magnera Corporation.