Oklahoma Farm Bureau and Affiliated Companies

Oklahoma City, OK Finance & insuranceNAICS 524150

Self-funded health planPlan year 2025Renews January
549Participants+66% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 7Finance & insurance in OKBy participants

Overview

Oklahoma Farm Bureau and Affiliated Companies sponsors a self-funded health plan that covered 549 participants in plan year 2025, up 66% 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
549 · prior year 330
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Oklahoma Farm Bureau and Affiliated Companies Welfare Benefits Plan, plan 507 (549 participants)
Broker compensation
$36K 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
Metropolitan Life Insurance CompanyLife535$287K$14K
Hartford Life and AccidentLong-term disability348$108K$16K
Vision Service PlanVision337$55K$5K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 549 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$83K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$14K–$30K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Oklahoma Farm Bureau and Affiliated Companies
Sponsor EIN
73-0540035
Plan number
507
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 73-0540035 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Oklahoma Farm Bureau and Affiliated Companies Voluntary Employee Savings Plan
Type
401(k) plan
Participants
521

About this data

Source: Oklahoma Farm Bureau and Affiliated Companies'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 Oklahoma Farm Bureau and Affiliated Companies.

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