Producers Rice Mill, Inc.

Stuttgart, AR ManufacturingNAICS 311200

Self-funded health planPlan year 2024Renews August
739ParticipantsFirst year on file
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#10 of 13Manufacturing in ARBy participants

Overview

Producers Rice Mill, Inc. sponsors a self-funded health plan that covered 739 participants in plan year 2024. The plan year starts in August. 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
739
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Producers Rice Mill, Inc. Employee Benefit Plan, plan 502 (739 participants)
Broker compensation
$35K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, AD&D BAS, Voluntary AD&D Supp, Long-term disability789$464K$35K
Arkansas Blue Cross and Blue ShieldVision630$84K—

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 739 participants × $2,371 national average per member. Usually higher once dependents are counted.

$46K–$112K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$41K
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 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
Producers Rice Mill, Inc.
Sponsor EIN
71-0145111
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 71-0145111 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Producers Rice Mill, Inc. 401(k) Plan
Type
401(k) plan
Participants
785

About this data

Source: Producers Rice Mill, 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 Producers Rice Mill, Inc..

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