Bowdoin College

Brunswick, ME EducationNAICS 611000

Self-funded health planPlan year 2025Renews January

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1,127Participants+2% vs. prior year

$2.7MEst. pharmacy spend / yrParticipants × national avg.

Jan 2027Next renewalPlan year begins January 1

#1 of 2Education in MEBy participants

Overview

Bowdoin College sponsors a self-funded health plan that covered 1,127 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, short-term disability, and more.

Plan type: ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants: 1,127 · prior year 1,107
Plan year: Begins January 1 · next renewal January 2027
Health plans filed: Bowdoin College Employee Welfare Benefit Plan, plan 516 (1,127 participants)
Broker compensation: $72K 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.

Carrier	Coverage	Covered	Premium	Broker comp
Hartford Life and Accident	Life, Short-term disability, Long-term disability	1,102	$807K	$72K
Eyemed Vision Care	Vision	1,116	$89K	—

Pharmacy benefit estimate

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

$2.7M/ year

Estimated prescription spend: 1,127 participants × $2,371 national average per member. Usually higher once dependents are counted.

$69K–$171K/ year

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

Brands with a generic available$20K–$51K

Lower-cost therapeutic alternatives$30K–$62K

Generic pricing vs. actual cost$13K–$38K

PBM contract terms$7K–$20K

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: Bowdoin College
Sponsor EIN: 01-0215213
Plan number: 516
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 01-0215213 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Bowdoin College'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 Bowdoin College.

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