Concordia College

Moorhead, MN EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
556ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 9Education in MNBy participants

Overview

Concordia College sponsors a self-funded health plan that covered 556 participants in plan year 2025. 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
556
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Concordia College Health & Welfare Benefits Plan, plan 502 (556 participants)
Broker compensation
$51K 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
Metropolitan Life Insurance CompanyDental512$297K$15K
Symetra Life Insurance CompanyAccident, Critical Illness270$88K$23K
Standard Insurance CompanyLife, Long-term disability556$36K$9K
Vision Service PlanVision271$33K$3K

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 556 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$85K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$31K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Concordia College
Sponsor EIN
41-0693977
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-0693977 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Concordia College Retirement Plan
Type
Defined contribution plan
Participants
1,476

About this data

Source: Concordia 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 Concordia College.

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