R&d Systems, Inc.

Minneapolis, MN ManufacturingNAICS 339110

Self-funded health planPlan year 2024Renews July
1,988ParticipantsFirst year on file
$4.7MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#18 of 78Manufacturing in MNBy participants

Overview

R&d Systems, Inc. sponsors a self-funded health plan that covered 1,988 participants in plan year 2024. The plan year starts in July. 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
1,988
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
R&d Systems, Inc. Group Family Medical Plan, plan 504 (1,988 participants)
Stop-loss carrier
United Healthcare
Broker compensation
$154K 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
Kaiser Foundation Health Plan Inc.Medical224$2.7M$49K
United HealthcareMedical, Stop-loss1,691$1.9M—
Sun Life Insurance Company of CanadLife, Short-term disability, Long-term disability2,217$1.2M$88K
Vision Service PlanVision1,443$246K$17K

Pharmacy benefit estimate

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

$4.7M/ year

Estimated prescription spend: 1,988 participants × $2,371 national average per member. Usually higher once dependents are counted.

$123K–$302K/ year

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

Brands with a generic available$36K–$90K
Lower-cost therapeutic alternatives$52K–$109K
Generic pricing vs. actual cost$23K–$68K
PBM contract terms$12K–$35K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
R&d Systems, Inc.
Sponsor EIN
41-1280894
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-1280894 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: R&d Systems, 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 R&d Systems, Inc..

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