Tennant Company

Eden Prairie, MN ManufacturingNAICS 333900

Self-funded health planPlan year 2025Renews January
1,985Participants+2% vs. prior year
$4.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#19 of 78Manufacturing in MNBy participants

Overview

Tennant Company sponsors a self-funded health plan that covered 1,985 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
1,985 · prior year 1,953
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Tennant Company Comprehensive Welfare Benefit Plan, plan 502 (1,985 participants)
Broker compensation
$112K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability2,216$1.4M$94K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision2,465$159K$7K
Metropolitan General Insurance CompanyLegal204$34K$6K
National Union Fire Insurance Company of Pittsburgh, PABusiness Travel Accident827$21K$5K

Pharmacy benefit estimate

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

$4.7M/ year

Estimated prescription spend: 1,985 participants × $2,371 national average per member. Usually higher once dependents are counted.

$122K–$302K/ year

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

Brands with a generic available$36K–$89K
Lower-cost therapeutic alternatives$52K–$109K
Generic pricing vs. actual cost$23K–$68K
PBM contract terms$12K–$35K
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
Tennant Company
Sponsor EIN
41-0572550
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-0572550 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Tennant Company Retirement Savings Plan
Type
401(k) plan
Participants
3,004

About this data

Source: Tennant Company'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 Tennant Company.

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