Van Meter, Inc.

Cedar Rapids, IA Wholesale tradeNAICS 423600

Self-funded health planPlan year 2025Renews January
858Participants+1% vs. prior year
$2.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 4Wholesale trade in IABy participants

Overview

Van Meter, Inc. sponsors a self-funded health plan that covered 858 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, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
858 · prior year 851
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Van Meter, Inc. Employee Benefits Plan, plan 514 (858 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 disability843$458K$43K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision1,130$138K—
Ulliance, Inc.Employee Assistance Program854$21K—

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 858 participants × $2,371 national average per member. Usually higher once dependents are counted.

$53K–$130K/ year

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

Brands with a generic available$15K–$39K
Lower-cost therapeutic alternatives$23K–$47K
Generic pricing vs. actual cost$10K–$29K
PBM contract terms$5K–$15K
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
Van Meter, Inc.
Sponsor EIN
42-1448821
Plan number
514
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 42-1448821 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Van Meter Inc. 401(k) Plan
Type
401(k) plan
Participants
1,015

About this data

Source: Van Meter, 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 Van Meter, Inc..

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