Wayne Transports, Inc.

Rosemount, MN Transportation & logisticsNAICS 484200

Self-funded health planPlan year 2025Renews May
701Participants+29% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#6 of 7Transportation & logistics in MNBy participants

Overview

Wayne Transports, Inc. sponsors a self-funded health plan that covered 701 participants in plan year 2025, up 29% from the prior year. The plan year starts in May. 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
701 · prior year 543
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Wayne Transports, Inc. Employee Benefit Plan, plan 502 (701 participants)
Broker compensation
$268K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability715$1.1M$263K
Vision Service PlanVision501$74K$3K
Hartford Fire Insurance CompanyBusiness Travel Accident701$8K$1K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 701 participants × $2,371 national average per member. Usually higher once dependents are counted.

$43K–$107K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$18K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 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
Wayne Transports, Inc.
Sponsor EIN
41-0964489
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-0964489 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Wayne Transports, Inc. 401(k) Retirement Plan
Type
401(k) plan
Participants
972

About this data

Source: Wayne Transports, 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 Wayne Transports, Inc..

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