Promega Corp.

Madison, WI ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews January
735Participants0% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#70 of 95Manufacturing in WIBy participants

Overview

Promega Corp. sponsors a self-funded health plan that covered 735 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
735 · prior year 735
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Promega Corp. Flexible Compensation Plan, plan 501 (735 participants)
Broker compensation
$35K 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
Reliance Standard Life Insurance CompanyLong-term disability, Life, Short-term disability1,491$1.4M$15K
Blue Cross of CaliforniaMedical, HMO, PPO136$1.1M$21K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,851$131K—
Health Advocate Solutions, Inc.Employee Assistance Program1,531$68K—
Vision Service PlanVision59$7K—

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 735 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$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–$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
Promega Corp.
Sponsor EIN
39-1388811
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 39-1388811 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Promega Salary Deferral Profit Sharing Plan
Type
401(k) plan
Participants
1,941

About this data

Source: Promega Corp.'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 Promega Corp..

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