Avalonbay Communities, Inc.

Arlington, VA Real estateNAICS 531390

Self-funded health planPlan year 2025Renews January
3,002Participants0% vs. prior year
$7.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 12Real estate in VABy participants

Overview

Avalonbay Communities, Inc. sponsors a self-funded health plan that covered 3,002 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, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
3,002 · prior year 3,009
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Avalonbay Welfare Benefit Plan, plan 502 (3,002 participants)
Broker compensation
$228K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental3,936$2.1M$119K
Reliance Standard Life Insurance CompanyLife, Accidental Death and Dismemberment, Long-term disability, Short-term disability3,295$1.1M$64K
Vision Service PlanVision1,859$352K$35K
MetLife Legal PlansLegal336$73K$9K
Aptia365hub ServicesEmployee Assistance Program, 365+ Hub2,704$57K—
Hartford Fire Insurance CompanyBusiness Travel Accident3,000$5K$1K

Pharmacy benefit estimate

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

$7.1M/ year

Estimated prescription spend: 3,002 participants × $2,371 national average per member. Usually higher once dependents are counted.

$185K–$456K/ year

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

Brands with a generic available$54K–$135K
Lower-cost therapeutic alternatives$79K–$165K
Generic pricing vs. actual cost$34K–$102K
PBM contract terms$18K–$53K
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
Avalonbay Communities, Inc.
Sponsor EIN
77-0404318
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 77-0404318 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Avalonbay Communities, Inc. Associates Savings Plan
Type
401(k) plan
Participants
4,520

About this data

Source: Avalonbay Communities, 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 Avalonbay Communities, Inc..

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