Camden National Corporation

Camden, ME Finance & insuranceNAICS 522110

Self-funded health planPlan year 2025Renews January
663Participants-1% vs. prior year
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 2Finance & insurance in MEBy participants

Overview

Camden National Corporation sponsors a self-funded health plan that covered 663 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
663 · prior year 668
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Camden National Corporation Group Benefits Plan, plan 501 (663 participants)
Broker compensation
$53K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability663$641K$51K
Vision Service PlanVision468$58K$2K
Aetna Behavioral Health, LLCEmployee Assistance Program663$13K—

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 663 participants × $2,371 national average per member. Usually higher once dependents are counted.

$41K–$101K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$17K–$36K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
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
Camden National Corporation
Sponsor EIN
01-0413282
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 01-0413282 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Camden National Corporation Retirement Savings 401(k) Plan
Type
401(k) plan
Participants
983

About this data

Source: Camden National Corporation'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 Camden National Corporation.

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