Park Nicollet Health Services

St. Louis Park, MN Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
10,173Participants0% vs. prior year
$24.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 50Health care in MNBy participants

Overview

Park Nicollet Health Services sponsors a self-funded health plan that covered 10,173 participants in plan year 2025, about the same as 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
10,173 · prior year 10,173
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Park Nicollet Welfare Benefits Wrap Plan, plan 520 (10,173 participants)
Broker compensation
$546K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard Insurance CompanyLife, Long-term disability, Short-term disability9,137$7.7M$419K
Unum Life Insurance Company of AmericaLong-Term Care323$573K$111K
Metropolitan General Insurance CompanyLegal597$191K$16K

Pharmacy benefit estimate

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

$24.1M/ year

Estimated prescription spend: 10,173 participants × $2,371 national average per member. Usually higher once dependents are counted.

$627K–$1.5M/ year

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

Brands with a generic available$183K–$458K
Lower-cost therapeutic alternatives$268K–$560K
Generic pricing vs. actual cost$116K–$347K
PBM contract terms$60K–$181K
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
Park Nicollet Health Services
Sponsor EIN
36-3465840
Plan number
520
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-3465840 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Park Nicollet Health Services 401k Retirement Savings Plan
Type
401(k) plan
Participants
11,308

About this data

Source: Park Nicollet Health Services'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 Park Nicollet Health Services.

Request a correction · Methodology