Massman Companies, Inc.

Alexandria, MN ManufacturingNAICS 333900

Self-funded health planPlan year 2025Renews January
714Participants0% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#63 of 78Manufacturing in MNBy participants

Overview

Massman Companies, Inc. sponsors a self-funded health plan that covered 714 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
714 · prior year 717
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Massman Companies, Inc. Employee Benefits Plan, plan 501 (714 participants)
Stop-loss carrier
Healthpartners Administrators, Inc.
Broker compensation
$16K 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
Healthpartners Administrators, Inc.Medical, Dental, Stop-loss697$961K$7K
The Guardian Life Insurance Company of AmericaDental, Vision, Life, Short-term disability, Long-term disability375$321K$10K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 714 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$109K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$13K
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
Massman Companies, Inc.
Sponsor EIN
86-1212857
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 86-1212857 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Massman Companies, 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 Massman Companies, Inc..

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