Ballard Spahr LLP

Philadelphia, PA Professional servicesNAICS 541110

Self-funded health planPlan year 2025Renews April
1,794Participants+14% vs. prior year
$4.3MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#11 of 37Professional services in PABy participants

Overview

Ballard Spahr LLP sponsors a self-funded health plan that covered 1,794 participants in plan year 2025, up 14% from the prior year. The plan year starts in April. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,794 · prior year 1,571
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Ballard Spahr LLP Employee Welfare Benefit Plan, plan 510 (1,794 participants)
Stop-loss carrier
Sun Life Insurance Company of Canada
Broker compensation
$290K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability1,442$3.0M$132K
Sun Life Insurance Company of CanadaStop-loss1,174$2.0M$158K
Carebridge Corporation DBA Allone HealthEmployee Assistance Program1,532$40K—

Pharmacy benefit estimate

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

$4.3M/ year

Estimated prescription spend: 1,794 participants × $2,371 national average per member. Usually higher once dependents are counted.

$111K–$273K/ year

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

Brands with a generic available$32K–$81K
Lower-cost therapeutic alternatives$47K–$99K
Generic pricing vs. actual cost$20K–$61K
PBM contract terms$11K–$32K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
Ballard Spahr LLP
Sponsor EIN
23-0382195
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-0382195 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Ballard Spahr LLP'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 Ballard Spahr LLP.

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