Minnesota Ag Power, Inc.
Overview
Minnesota Ag Power, Inc. sponsors a self-funded health plan that covered 624 participants in plan year 2025, down 4% 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
- 624 · prior year 649
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Midwest Machinery Company Erisa Wrap Plan, plan 502 (624 participants)
- Stop-loss carrier
- Healthpartners Administrators Inc.
- Broker compensation
- $237K 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 |
|---|---|---|---|---|
| Healthpartners Administrators Inc. | Medical, Dental, Stop-loss | 469 | $1.0M | $180K |
| Unum Life Insurance Company of America | Long-term disability, Life, Short-term disability, Voluntary Critical Illness/accident, Lifestyle Add; Lifestyle Life | 586 | $526K | $48K |
| Provident Life and Accident Insurance Company | Life | 133 | $46K | $6K |
| Starmount Life Insurance Company | Vision | 267 | $32K | $3K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 624 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
- Minnesota Ag Power, Inc.
- Sponsor EIN
- 20-0145525
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 20-0145525 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Midwest Machinery Co. 401(k) Plan
- Type
- 401(k) plan
- Participants
- 961
About this data
Source: Minnesota Ag Power, 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 Minnesota Ag Power, Inc..