ACT Education Corp.

Iowa City, IA EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
732ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 1Education in IABy participants

Overview

ACT Education Corp. sponsors a self-funded health plan that covered 732 participants in plan year 2025. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
732
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
ACT Education Corp. Health and Welfare Plan, plan 510 (732 participants)
Broker compensation
$69K across insured contracts
MedicalLife insuranceDentalVisionPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Long-term disability817$535K$55K
Fidelity Security Life Insurance CompanyVision1,209$149K$10K
Arag Insurance CompanyLegal250$34K$3K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 732 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 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
ACT Education Corp.
Sponsor EIN
99-1938691
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 99-1938691 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
ACT Education Corp. 401(k) Plan
Type
401(k) plan
Participants
752

About this data

Source: ACT Education Corp.'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 ACT Education Corp..

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