Red Wing Shoe Company, Inc.

Red Wing, MN ManufacturingNAICS 316210

Self-funded health planPlan year 2025Renews January
2,167Participants+1% vs. prior year
$5.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#16 of 78Manufacturing in MNBy participants

Overview

Red Wing Shoe Company, Inc. sponsors a self-funded health plan that covered 2,167 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
2,167 · prior year 2,137
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Red Wing Shoe Company Welfare Benefit Plan, plan 507 (2,167 participants)
Broker compensation
$175K 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
Reliastar Life Insurance CompanyLife, Long-term disability5,646$745K$154K
Vision Service PlanVision637$87K$9K
National Union Fire Ins. Co. of Pittsburgh, PABusiness Travel Accident2,167$48K$12K

Pharmacy benefit estimate

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

$5.1M/ year

Estimated prescription spend: 2,167 participants × $2,371 national average per member. Usually higher once dependents are counted.

$134K–$329K/ year

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

Brands with a generic available$39K–$98K
Lower-cost therapeutic alternatives$57K–$119K
Generic pricing vs. actual cost$25K–$74K
PBM contract terms$13K–$39K
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 Wing Shoe Company, Inc.
Sponsor EIN
41-0498220
Plan number
507
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-0498220 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Red Wing Shoe Company, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
2,774

About this data

Source: Red Wing Shoe Company, 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 Wing Shoe Company, Inc..

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