Brandeis University

Waltham, MA EducationNAICS 611000

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
1,655Participants0% vs. prior year
$3.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 16Education in MABy participants

Overview

Brandeis University sponsors a self-funded health plan that covered 1,655 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
1,655 · prior year 1,655
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Brandeis University Health and Welfare Benefit Plan, plan 522 (1,655 participants)
Broker compensation
$47K 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
Standard Insurance CompanyLife, Long-term disability1,585$1.2M$38K
Vision Service PlanVision746$81K$2K
KGAEAP1,711$67K—

Pharmacy benefit estimate

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

$3.9M/ year

Estimated prescription spend: 1,655 participants × $2,371 national average per member. Usually higher once dependents are counted.

$102K–$252K/ year

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

Brands with a generic available$30K–$75K
Lower-cost therapeutic alternatives$44K–$91K
Generic pricing vs. actual cost$19K–$57K
PBM contract terms$10K–$29K
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
Brandeis University
Sponsor EIN
04-2103552
Plan number
522
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2103552 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Brandeis University Defined Contribution Plan for Faculty, Professional, and Administrative Employees
Type
Defined contribution plan
Participants
4,235

About this data

Source: Brandeis 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 Brandeis University.

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