Blackbaud, Inc.

Charleston, SC Professional servicesNAICS 541512

Self-funded health planPlan year 2025Renews January
2,439Participants-4% vs. prior year
$5.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 8Professional services in SCBy participants

Overview

Blackbaud, Inc. sponsors a self-funded health plan that covered 2,439 participants in plan year 2025, down 5% 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
2,439 · prior year 2,553
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Blackbaud, Inc. Employee Benefit Plan, plan 501 (2,439 participants)
Stop-loss carrier
Reliastar Life Insurance Company
Broker compensation
$145K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyStop-loss3,796$2.2M$111K
Life Insurance of North AmericaLife, Long-term disability1,658$1.4M$19K
Metropolitan Life Insurance CompanyMedical, Critical Illness582$260K$13K
Vision Service PlanVision1,570$244K—
Life Insurance Company of North AmericaAccidental Death and Dismemberment1,658$164K$2K
MetLife Legal PlansLegal289$63K$767
Curalinc, LLCEmployee Assistance Program2,026$41K—

Pharmacy benefit estimate

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

$5.8M/ year

Estimated prescription spend: 2,439 participants × $2,371 national average per member. Usually higher once dependents are counted.

$150K–$371K/ year

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

Brands with a generic available$44K–$110K
Lower-cost therapeutic alternatives$64K–$134K
Generic pricing vs. actual cost$28K–$83K
PBM contract terms$14K–$43K
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
Blackbaud, Inc.
Sponsor EIN
11-2617163
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-2617163 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Blackbaud Retirement Savings Plan
Type
401(k) plan
Participants
3,929

About this data

Source: Blackbaud, 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 Blackbaud, Inc..

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