Poet Holding Company, LLC

Sioux Falls, SD ManufacturingNAICS 324110

Self-funded health planPlan year 2025Renews January
2,054Participants+6% vs. prior year
$4.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 7Manufacturing in SDBy participants

Overview

Poet Holding Company, LLC sponsors a self-funded health plan that covered 2,054 participants in plan year 2025, up 6% from the prior year. The plan year starts in January.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,054 · prior year 1,934
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Poet Holding Company Group Health Plan, plan 503 (2,054 participants)
Medical

Pharmacy benefit estimate

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

$4.9M/ year

Estimated prescription spend: 2,054 participants × $2,371 national average per member. Usually higher once dependents are counted.

$127K–$312K/ year

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

Brands with a generic available$37K–$93K
Lower-cost therapeutic alternatives$54K–$113K
Generic pricing vs. actual cost$23K–$70K
PBM contract terms$12K–$37K
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
Poet Holding Company, LLC
Sponsor EIN
47-4454378
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-4454378 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Poet 401(k) Plan
Type
401(k) plan
Participants
3,290

About this data

Source: Poet Holding Company, LLC'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 Poet Holding Company, LLC.

Request a correction · Methodology