Bandwidth Inc.

Raleigh, NC Information & technologyNAICS 517000

Self-funded health planPlan year 2025Renews March
888Participants-1% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#5 of 6Information & technology in NCBy participants

Overview

Bandwidth Inc. sponsors a self-funded health plan that covered 888 participants in plan year 2025, about the same as the prior year. The plan year starts in March. 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
888 · prior year 900
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
Bandwidth Inc. Health and Welfare Plan, plan 508 (888 participants)
Broker compensation
$125K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance Copany of AmericaLife, Long-term disability888$573K$99K
American Heritage Life Insurance CompanyAccident283$119K$25K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 888 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$135K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$23K–$49K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning March 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
Bandwidth Inc.
Sponsor EIN
56-2242657
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-2242657 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Bandwidth Inc. 401(k) Profit Sharing and Trust
Type
401(k) plan
Participants
1,223

About this data

Source: Bandwidth 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 Bandwidth Inc..

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