Berklee College of Music, Inc.
Overview
Berklee College of Music, Inc. sponsors a self-funded health plan that covered 1,970 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, long-term disability, death benefits.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,970 · prior year 1,961
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Berklee College of Music, Inc. Welfare Plan, plan 504 (1,970 participants)
- Broker compensation
- $183K 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 |
|---|---|---|---|---|
| Unum Life Insurance Company of America | Life, Long-term disability, Attained Age Critical Illness, Hospital EE Paid | 1,707 | $994K | $165K |
| KGA Inc. | Employee Assistance Program | 2,015 | $81K | — |
| Provident Life and Accident Insurance Company | Executive Long Term Disability | 45 | $50K | $15K |
| Unum Insurance Company | GRP Accident | 68 | $18K | $4K |
| New Directions Behavioral Health | Employee Assistance Plan | 114 | $5K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,970 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
- Berklee College of Music, Inc.
- Sponsor EIN
- 04-2300472
- Plan number
- 504
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-2300472 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Berklee College of Music, Inc. 403(b) Retirement Savings Plan
- Type
- Defined contribution plan
- Participants
- 3,330
About this data
Source: Berklee College of Music, 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 Berklee College of Music, Inc..