Slumberland, Inc.

Oakdale, MN RetailNAICS 442110

Self-funded health planPlan year 2024Renews July
668ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#18 of 25Retail in MNBy participants

Overview

Slumberland, Inc. sponsors a self-funded health plan that covered 668 participants in plan year 2024. The plan year starts in July. 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
668
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Slumberland, Inc. Health and Welfare Plan, plan 501 (668 participants)
Broker compensation
$43K 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 disability668$191K$31K
Cigna Health and Life Insurance CompanyAccident, Critical Illness668$44K$7K
Vision Service PlanVision292$35K$5K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 668 participants × $2,371 national average per member. Usually higher once dependents are counted.

$41K–$102K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$18K–$37K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Slumberland, Inc.
Sponsor EIN
41-0941504
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-0941504 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Slumberland, Inc. Salary Savings Plan
Type
401(k) plan
Participants
854

About this data

Source: Slumberland, Inc.'s Form 5500 filing for plan year 2024 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 Slumberland, Inc..

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