Ridgeview Medical Center

Waconia, MN Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
2,366Participants+18% vs. prior year
$5.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#21 of 50Health care in MNBy participants

Overview

Ridgeview Medical Center sponsors a self-funded health plan that covered 2,366 participants in plan year 2025, up 18% from 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
2,366 · prior year 2,008
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Ridgeview Medical Center Comprehensive Health and Welfare Benefit Plan, plan 501 (2,366 participants)
Broker compensation
$245K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife, Long-term disability2,145$1.5M$204K
Bankers Fidelity Life Insurance CompanyLife924$204K$27K
UnitedHealthcare Insurance CompanyVision2,459$138K$11K
Metropolitan General Insurance CompanyLegal161$37K$4K

Pharmacy benefit estimate

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

$5.6M/ year

Estimated prescription spend: 2,366 participants × $2,371 national average per member. Usually higher once dependents are counted.

$146K–$360K/ year

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

Brands with a generic available$43K–$107K
Lower-cost therapeutic alternatives$62K–$130K
Generic pricing vs. actual cost$27K–$81K
PBM contract terms$14K–$42K
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
Ridgeview Medical Center
Sponsor EIN
31-1667875
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-1667875 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ridgeview Medical Center, Inc. Retirement Savings Plan
Type
401(k) plan
Participants
2,974

About this data

Source: Ridgeview Medical Center'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 Ridgeview Medical Center.

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