The Kinetic Group, Inc.

Anoka, MN ManufacturingNAICS 339900

Self-funded health planPlan year 2025Renews January
3,602Participants-33% vs. prior year
$8.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#13 of 78Manufacturing in MNBy participants

Overview

The Kinetic Group, Inc. sponsors a self-funded health plan that covered 3,602 participants in plan year 2025, down 33% 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
3,602 · prior year 5,355
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Kinetic Group, Inc. Employee Welfare Benefit Plan, plan 501 (3,602 participants)
Broker compensation
$131K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLife4,142$2.2M$102K
Reliance Standard Life Insurance CompanyLong-term disability3,039$463K$17K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision4,244$223K—
Legalplans, USALegal372$77K$12K
ComPsych CorporationEmployee Assistance Program3,078$56K—
National Union Fire Insurance Company of Pittsburgh, PABusiness Travel Accident3,078$7K—

Pharmacy benefit estimate

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

$8.5M/ year

Estimated prescription spend: 3,602 participants × $2,371 national average per member. Usually higher once dependents are counted.

$222K–$547K/ year

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

Brands with a generic available$65K–$162K
Lower-cost therapeutic alternatives$95K–$198K
Generic pricing vs. actual cost$41K–$123K
PBM contract terms$21K–$64K
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
The Kinetic Group, Inc.
Sponsor EIN
47-1016855
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-1016855 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Kinetic Group, Inc. 401(k) Plan
Type
401(k) plan
Participants
5,391

About this data

Source: The Kinetic Group, 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 The Kinetic Group, Inc..

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