Seneca Foods Corporation

Fairport, NY ManufacturingNAICS 311400

Self-funded health planPlan year 2025Renews January
2,750Participants-6% vs. prior year
$6.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#10 of 45Manufacturing in NYBy participants

Overview

Seneca Foods Corporation sponsors a self-funded health plan that covered 2,750 participants in plan year 2025, down 6% 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
2,750 · prior year 2,936
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Seneca Foods Corporation Welfare Benefits Plan, plan 501 (2,750 participants)
Broker compensation
$297K 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
First Unum Life Insurance CompanyLife, Short-term disability, Long-term disability2,492$3.4M$154K
Unum Life Insurance Company of AmericaAccident, Critical Illness, Hospital2,050$693K$48K
Provident Life and Accident Insurance CompanyLife1,312$567K$71K
The Guardian Life Insurance Company of AmericaVision2,278$358K$24K
Telus Health US LtdEmployee Assistance Program2,750$70K—

Pharmacy benefit estimate

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

$6.5M/ year

Estimated prescription spend: 2,750 participants × $2,371 national average per member. Usually higher once dependents are counted.

$170K–$418K/ year

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

Brands with a generic available$50K–$124K
Lower-cost therapeutic alternatives$72K–$151K
Generic pricing vs. actual cost$31K–$94K
PBM contract terms$16K–$49K
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
Seneca Foods Corporation
Sponsor EIN
16-0733425
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 16-0733425 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Seneca Foods Corporation Employees' Savings Plan
Type
401(k) plan
Participants
9,975

About this data

Source: Seneca Foods Corporation'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 Seneca Foods Corporation.

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