Virginia Farm Bureau Insurance Services

Richmond, VA Finance & insuranceNAICS 524210

Self-funded health planPlan year 2025Renews January
766Participants+6% vs. prior year
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 12Finance & insurance in VABy participants

Overview

Virginia Farm Bureau Insurance Services sponsors a self-funded health plan that covered 766 participants in plan year 2025, up 6% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports dental, vision, prepaid legal.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
766 · prior year 720
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Virginia Farm Bureau Employees Benefits Plan, plan 501 (766 participants)
MedicalDentalVisionPrepaid legalOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Legal ResourcesLegal192$40K—

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 766 participants × $2,371 national average per member. Usually higher once dependents are counted.

$47K–$116K/ year

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

Brands with a generic available$14K–$35K
Lower-cost therapeutic alternatives$20K–$42K
Generic pricing vs. actual cost$9K–$26K
PBM contract terms$5K–$14K
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
Virginia Farm Bureau Insurance Services
Sponsor EIN
54-0502500
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-0502500 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Virginia Farm Bureau Companies Employees' 401(k) Plan
Type
401(k) plan
Participants
1,207

About this data

Source: Virginia Farm Bureau Insurance Services'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 Virginia Farm Bureau Insurance Services.

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