Phillips Mushroom Farms, L.P.

Kennett Square, PA AgricultureNAICS 111210

Self-funded health planPlan year 2025Renews January
725Participants+22% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 3Agriculture in PABy participants

Overview

Phillips Mushroom Farms, L.P. sponsors a self-funded health plan that covered 725 participants in plan year 2025, up 22% 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
725 · prior year 594
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Phillips Mushroom Farms Flexible Benefits Plan, plan 501 (725 participants)
Broker compensation
$34K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United Concordia Insurance CompanyDental253$113K$11K
Reliance StandardSupplemental Life, Short-term disability166$83K$8K
Reliance Standard Life Insurance CompanyLife, VOL. Accident, Voluntary Critical Illness725$81K$14K
UnitedHealthcare Insurance CompanyVision356$21K$2K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 725 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$110K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
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
Phillips Mushroom Farms, L.P.
Sponsor EIN
23-1630612
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-1630612 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Phillips Mushroom Farms 401k Plan
Type
401(k) plan
Participants
581

About this data

Source: Phillips Mushroom Farms, L.P.'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 Phillips Mushroom Farms, L.P..

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