Avangrid Power, LLC

Orange, CT UtilitiesNAICS 221100

Self-funded health planPlan year 2025Renews January

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1,133Participants-6% vs. prior year

$2.7MEst. pharmacy spend / yrParticipants × national avg.

Jan 2027Next renewalPlan year begins January 1

#3 of 5Utilities in CTBy participants

Overview

Avangrid Power, LLC sponsors a self-funded health plan that covered 1,133 participants in plan year 2025, down 6% from 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: 1,133 · prior year 1,201
Plan year: Begins January 1 · next renewal January 2027
Health plans filed: Avangrid Renewables Employee Welfare Benefits Plan, plan 501 (1,133 participants); Avangrid Renewables Retiree Benefits Plan, plan 502 (170 participants)
Broker compensation: $59K across insured contracts

MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefits

Insurance carriers

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

Carrier	Coverage	Covered	Premium	Broker comp
MetLife	Life, Long-term disability	2,052	$1.3M	$59K

Pharmacy benefit estimate

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

$2.7M/ year

Estimated prescription spend: 1,133 participants × $2,371 national average per member. Usually higher once dependents are counted.

$70K–$172K/ year

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

Brands with a generic available$20K–$51K

Lower-cost therapeutic alternatives$30K–$62K

Generic pricing vs. actual cost$13K–$39K

PBM contract terms$7K–$20K

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: Avangrid Power, LLC
Sponsor EIN: 93-1177933
Plan numbers: 501, 502
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 93-1177933 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Avangrid Power, LLC'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 Avangrid Power, LLC.

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