Columbia Southern Education Group

Orange Beach, AL EducationNAICS 611000

Self-funded health planPlan year 2024Renews October
818ParticipantsFirst year on file
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#2 of 3Education in ALBy participants

Overview

Columbia Southern Education Group sponsors a self-funded health plan that covered 818 participants in plan year 2024. The plan year starts in October. 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
818
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Columbia Southern Education Group Health Insurance, plan 501 (818 participants)
Broker compensation
$237K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United of Omaha Life Insurance CompanyLife, Short-term disability, Long-term disability804$512K$140K
Principal Life Insurance CompanyDental, Vision932$445K$74K
Sun Life Assurance Company of CanadaCancer148$74K$19K
Legalplans, USALegal105$24K$4K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 818 participants × $2,371 national average per member. Usually higher once dependents are counted.

$50K–$124K/ year

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

Brands with a generic available$15K–$37K
Lower-cost therapeutic alternatives$22K–$45K
Generic pricing vs. actual cost$9K–$28K
PBM contract terms$5K–$15K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Columbia Southern Education Group
Sponsor EIN
63-1175854
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 63-1175854 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Columbia Southern Education Group 401(k) Plan
Type
401(k) plan
Participants
1,037

About this data

Source: Columbia Southern Education Group's Form 5500 filing for plan year 2024 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 Columbia Southern Education Group.

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