Rommesmo Companies

Fargo, ND ManufacturingNAICS 327210

Self-funded health planPlan year 2025Renews January
805Participants+1% vs. prior year
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 2Manufacturing in NDBy participants

Overview

Rommesmo Companies sponsors a self-funded health plan that covered 805 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
805 · prior year 801
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Rommesmo Companies Employee Medical Benefit Plan, plan 501 (805 participants)
Broker compensation
$91K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-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, Short-term disability, Long-term disability738$514K$84K
Fidelity Security Life Insurance CompanyVision999$73K$7K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 805 participants × $2,371 national average per member. Usually higher once dependents are counted.

$50K–$122K/ year

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

Brands with a generic available$15K–$36K
Lower-cost therapeutic alternatives$21K–$44K
Generic pricing vs. actual cost$9K–$27K
PBM contract terms$5K–$14K
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
Rommesmo Companies
Sponsor EIN
11-3664772
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-3664772 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Truenorth Steel and Affiliates 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
1,143

About this data

Source: Rommesmo Companies'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 Rommesmo Companies.

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