Sonifi Solutions, Inc.

Sioux Falls, SD ManufacturingNAICS 334200

Self-funded health planPlan year 2025Renews January
616Participants-1% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 7Manufacturing in SDBy participants

Overview

Sonifi Solutions, Inc. sponsors a self-funded health plan that covered 616 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
616 · prior year 621
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Sonifi Solutions, Inc. Health and Welfare Benefits Plan, plan 555 (616 participants)
Broker compensation
$92K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Assurance Company of CanadaDental598$505K$10K
Lincoln National Life Insurance CompanyAccident, Critical Illness, Hospital Indemnity, Life, Long-term disability609$361K$80K
Vision Service PlanVision606$66K—
MetLife Legal PlansLegal74$18K$2K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 616 participants × $2,371 national average per member. Usually higher once dependents are counted.

$38K–$94K/ year

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

Brands with a generic available$11K–$28K
Lower-cost therapeutic alternatives$16K–$34K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
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
Sonifi Solutions, Inc.
Sponsor EIN
46-0371161
Plan number
555
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 46-0371161 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Sonifi Solutions, Inc. 401(k) Plan
Type
401(k) plan
Participants
761

About this data

Source: Sonifi Solutions, 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 Sonifi Solutions, Inc..

Request a correction · Methodology