MFA Incorporated

Columbia, MO AgricultureNAICS 115110

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
1,259Participants-8% vs. prior year
$3.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 2Agriculture in MOBy participants

Overview

MFA Incorporated sponsors a self-funded health plan that covered 1,259 participants in plan year 2025, down 8% 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
1,259 · prior year 1,375
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
MFA Incorporated Group Health, Life, Dental Vision, Short Term Disability, Accidental Death & Dismemberment Plans, plan 501 (1,259 participants); MFA Incorporated Flexible Spending Account, plan 506 (230 participants)
Broker compensation
$9K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Delta Dental of MissouriDental1,733$463K—
Hartford Life and AccidentLife, Accidental Death & Dismemberment2,017$412K$8K
Eyemed Vision Care on Behalf of the Fidelity Security Life InsuranceVision1,429$92K—
Hartford Fire Insurance CompanyBusiness Travel Accident1,294$7K$346

Pharmacy benefit estimate

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

$3.0M/ year

Estimated prescription spend: 1,259 participants × $2,371 national average per member. Usually higher once dependents are counted.

$78K–$191K/ year

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

Brands with a generic available$23K–$57K
Lower-cost therapeutic alternatives$33K–$69K
Generic pricing vs. actual cost$14K–$43K
PBM contract terms$7K–$22K
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
MFA Incorporated
Sponsor EIN
43-0415080
Plan numbers
501, 506
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 43-0415080 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: MFA Incorporated'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 MFA Incorporated.

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