Two Farms, Inc.

Baltimore, MD ManufacturingNAICS 311500

Self-funded health planPlan year 2024Renews August
728ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#13 of 19Manufacturing in MDBy participants

Overview

Two Farms, Inc. sponsors a self-funded health plan that covered 728 participants in plan year 2024. The plan year starts in August. 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
728
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Two Farms, Inc. Health and Welfare Plan, plan 501 (728 participants)
Broker compensation
$192K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-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 disability1,170$494K$62K
Provident Life and Accident Insurance CompanyLife, Short-term disability1,339$423K$125K
Delta Dental of PennsylvaniaDental981$293K—
National Vision Administrators, L.l.c.Vision947$52K$5K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 728 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$111K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 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
Two Farms, Inc.
Sponsor EIN
52-0275060
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-0275060 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Two Farms Inc. Employees' 401(k) Profit Sharing
Type
401(k) plan
Participants
6,698

About this data

Source: Two Farms, 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 Two Farms, Inc..

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