Red Gold, Inc.

Elwood, IN ManufacturingNAICS 311400

Self-funded health planPlan year 2025Renews January
1,378Participants-2% vs. prior year
$3.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#39 of 93Manufacturing in INBy participants

Overview

Red Gold, Inc. sponsors a self-funded health plan that covered 1,378 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, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,378 · prior year 1,402
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Red Gold, Inc. Employee Benefit Plan, plan 505 (1,378 participants)
Broker compensation
$91K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, Long-term disability1,326$1.1M$91K
Telus Health (US) Ltd.Employee Assistance Program1,446$21K—
Hartford Fire Insurance CompanyBusiness Travel Accident1,326$2K$466

Pharmacy benefit estimate

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

$3.3M/ year

Estimated prescription spend: 1,378 participants × $2,371 national average per member. Usually higher once dependents are counted.

$85K–$209K/ year

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

Brands with a generic available$25K–$62K
Lower-cost therapeutic alternatives$36K–$76K
Generic pricing vs. actual cost$16K–$47K
PBM contract terms$8K–$25K
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
Red Gold, Inc.
Sponsor EIN
35-0307660
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-0307660 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Red Gold, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
2,119

About this data

Source: Red Gold, Inc.'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 Red Gold, Inc..

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