Baptist Health

Little Rock, AR Health careNAICS 622000

Self-funded health planPlan year 2025Renews January
8,623Participants-3% vs. prior year
$20.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 16Health care in ARBy participants

Overview

Baptist Health sponsors a self-funded health plan that covered 8,623 participants in plan year 2025, down 3% 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
8,623 · prior year 8,896
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Baptist Health Employee Welfare Benefits Plan, plan 510 (8,623 participants)
Broker compensation
$3.2M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Principal Life Insurance CompanyLife, Short-term disability, Long-term disability10,485$12.9M$1.9M
Reliastar Life Insurance CompanyAccident, Critical Illness, Hospital12,114$2.8M$733K
5star Life Insurance CompanyLife3,087$1.3M$356K
Eyemed Vision Care on Behalf of the Fidelity Security Life Ins CompanyVision13,867$1.1M$183K
Zurich American Insurance CompanyBusiness Travel Accident3,450$242K—
Legal EaseLegal521$102K$23K

Pharmacy benefit estimate

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

$20.4M/ year

Estimated prescription spend: 8,623 participants × $2,371 national average per member. Usually higher once dependents are counted.

$532K–$1.3M/ year

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

Brands with a generic available$155K–$388K
Lower-cost therapeutic alternatives$227K–$474K
Generic pricing vs. actual cost$98K–$294K
PBM contract terms$51K–$153K
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
Baptist Health
Sponsor EIN
71-0236856
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 71-0236856 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Baptist Health 403(b) Plan
Type
Defined contribution plan
Participants
17,366

About this data

Source: Baptist Health'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 Baptist Health.

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