Niewohner Brothers, Inc.

Albion, NE AgricultureNAICS 112111

Self-funded health planPlan year 2024Renews August
504ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#4 of 4Agriculture in NEBy participants

Overview

Niewohner Brothers, Inc. sponsors a self-funded health plan that covered 504 participants in plan year 2024. The plan year starts in August. Alongside medical, its benefits filing reports life insurance, dental, vision, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
504
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Niewohner Brothers Inc. Health and Welfare Benefit Plan, plan 503 (504 participants)
Broker compensation
$17K across insured contracts
MedicalLife insuranceDentalVisionDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Aetna Life Insurance CompanyDental, Vision345$114K$6K
United of Omaha Life Insurance CompanyLife477$59K$11K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 504 participants × $2,371 national average per member. Usually higher once dependents are counted.

$31K–$77K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$13K–$28K
Generic pricing vs. actual cost$6K–$17K
PBM contract terms$3K–$9K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Niewohner Brothers, Inc.
Sponsor EIN
47-0617217
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-0617217 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Niewohner Brothers, 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 Niewohner Brothers, Inc..

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