Bank of Hope
Overview
Bank of Hope sponsors a self-funded health plan that covered 1,444 participants in plan year 2025, up 16% 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
- 1,444 · prior year 1,250
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Bank of Hope Welfare Benefits Plan, plan 501 (1,444 participants); Bank of Hope Flex Plan, plan 502 (506 participants)
- Stop-loss carrier
- Anthem Blue Cross Life and Health Insurance Company
- Broker compensation
- $81K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Anthem Blue Cross Life and Health Insurance Company | Stop-loss | 1,224 | $1.9M | — |
| Metropolitan Life Insurance Company | Dental | 2,939 | $1.8M | — |
| Life Insurance Company of North America | Life, Short-term disability, Long-term disability, AD&D | 1,444 | $746K | $75K |
| Vision Service Plan | Vision | 1,247 | $160K | $6K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,444 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Bank of Hope
- Sponsor EIN
- 95-3972168
- Plan numbers
- 501, 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 95-3972168 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Bank of Hope 401(k) Retirement Plan
- Type
- 401(k) plan
- Participants
- 2,056
About this data
Source: Bank of Hope'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 Bank of Hope.