Meijer, Inc.

Grand Rapids, MI RetailNAICS 445110

Self-funded health planPlan year 2024Renews February
30,085ParticipantsFirst year on file
$71.3MEst. pharmacy spend / yrParticipants × national avg.
Feb 2027Next renewalPlan year begins February 1
#1 of 13Retail in MIBy participants

Overview

Meijer, Inc. sponsors a self-funded health plan that covered 30,085 participants in plan year 2024. The plan year starts in February. 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
30,085
Plan year
Begins February 1 · next renewal February 2027
Health plans filed
Meijer Health Benefits Plan, plan 501 (30,085 participants)
Broker compensation
$553K 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
Prudential Insurance Company of AmericaLife, Long-term disability86,747$11.0M$507K
Blue Cross Blue Shield of MichiganMedical, Prescription drug, Dental, Vision, PPO270$3.2M$46K

Pharmacy benefit estimate

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

$71.3M/ year

Estimated prescription spend: 30,085 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.9M–$4.6M/ year

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

Brands with a generic available$542K–$1.4M
Lower-cost therapeutic alternatives$792K–$1.7M
Generic pricing vs. actual cost$342K–$1.0M
PBM contract terms$178K–$535K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning February 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Meijer, Inc.
Sponsor EIN
38-1274536
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-1274536 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Meijer 401k Retirement Plan II
Type
401(k) plan
Participants
47,110

About this data

Source: Meijer, Inc.'s Form 5500 filing for plan year 2024 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 Meijer, Inc..

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