New Flyer Holdings, Inc.

Crookston, MN ManufacturingNAICS 336100

Self-funded health planPlan year 2025Renews January
4,097Participants+16% vs. prior year
$9.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#11 of 78Manufacturing in MNBy participants

Overview

New Flyer Holdings, Inc. sponsors a self-funded health plan that covered 4,097 participants in plan year 2025, up 16% 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
4,097 · prior year 3,526
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
NFI Group Welfare Benefit Plan, plan 501 (4,097 participants)
Broker compensation
$172K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaAccidental Death and Dismemberment, Life, Long-term disability, Short-term disability5,310$3.4M$34K
Aetna Life Insurance Co.Critical Illness and Accident & Hospital2,440$725K$134K
Reliance Standard Life Insurance CompanyLong-term disability56$26K$3K
AIG Insurance Company of CanadaBusiness Travel Accident/ad&d4,097$2K$300

Pharmacy benefit estimate

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

$9.7M/ year

Estimated prescription spend: 4,097 participants × $2,371 national average per member. Usually higher once dependents are counted.

$253K–$623K/ year

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

Brands with a generic available$74K–$185K
Lower-cost therapeutic alternatives$108K–$225K
Generic pricing vs. actual cost$47K–$140K
PBM contract terms$24K–$73K
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
New Flyer Holdings, Inc.
Sponsor EIN
98-0468607
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 98-0468607 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
NFI Group - Participating Union 401(k) Plan
Type
401(k) plan
Participants
2,930

About this data

Source: New Flyer Holdings, 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 New Flyer Holdings, Inc..

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