Mcfarland Clinic PC

Ames, IA Health careNAICS 621111

Self-funded health planPlan year 2025Renews January
1,891Participants+3% vs. prior year
$4.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 7Health care in IABy participants

Overview

Mcfarland Clinic PC sponsors a self-funded health plan that covered 1,891 participants in plan year 2025, up 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,891 · prior year 1,828
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Mcfarland Clinic PC Welfare Benefit, plan 505 (1,891 participants)
Stop-loss carrier
Wellmark Health Plan of Iowa, Inc.
Broker compensation
$164K across insured contracts
MedicalLife insuranceDentalShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Wellmark Health Plan of Iowa, Inc.Stop-loss983$2.0M—
Life Insurance Company of North AmericaShort-term disability, Long-term disability1,229$923K$107K
Reliastar Life Insurance CompanyLife, Short-term disability1,225$413K$55K

Pharmacy benefit estimate

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

$4.5M/ year

Estimated prescription spend: 1,891 participants × $2,371 national average per member. Usually higher once dependents are counted.

$117K–$287K/ year

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

Brands with a generic available$34K–$85K
Lower-cost therapeutic alternatives$50K–$104K
Generic pricing vs. actual cost$22K–$65K
PBM contract terms$11K–$34K
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
Mcfarland Clinic PC
Sponsor EIN
42-1089512
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 42-1089512 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Mcfarland Clinic, P.C. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
1,848

About this data

Source: Mcfarland Clinic PC'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 Mcfarland Clinic PC.

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