Biola University

La Mirada, CA EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
725Participants+1% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#11 of 12Education in CABy participants

Overview

Biola University sponsors a self-funded health plan that covered 725 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, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
725 · prior year 719
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Biola University Health Plans for Faculty, Staff and Administration, plan 503 (725 participants)
Broker compensation
$41K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance Company and AffiliatesDental507$444K—
Life Insurance Company of North AmericaAccidental Death and Dismemberment, Life, Long-term disability1,035$335K$14K
Cigna Dental Health of California, Inc.Dental, HMO315$124K—
Cigna Health and Life Insurance CompanyAccident, Critical Illness, Hospital Care126$122K$27K
Vision Service PlanVision469$79K—

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 725 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$110K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
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
Biola University
Sponsor EIN
95-0549600
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-0549600 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Biola University Defined Contribution Retirement Plan
Type
Defined contribution plan
Participants
1,807

About this data

Source: Biola University'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 Biola University.

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