Davidson College

Davidson, NC EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
985Participants+4% vs. prior year
$2.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 9Education in NCBy participants

Overview

Davidson College sponsors a self-funded health plan that covered 985 participants in plan year 2025, up 4% from 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
985 · prior year 947
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Davidson College Employee Health Benefits Program, plan 512 (985 participants)
Broker compensation
$261K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Ameritas Life Insurance CompanyDental, Vision1,782$816K$45K
Transamerica Insurance CompanyMedical287$582K$65K
Express Scripts, Inc.Prescription drug287$559K$52K
Prudential Life Insurance Company of AmericaLife, Long-term disability993$483K$56K
Reliastar Life Insurance CompanyAccident, Hospital Confinement, Critical464$142K$29K
Genworth Life Insurance CompanyLong Term Care77$97K$5K
Health Advocate Solutions, Inc.Employee Assistance Program1,037$27K—
MetLife Legal PlansGroup Legal96$25K$3K

Pharmacy benefit estimate

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

$2.3M/ year

Estimated prescription spend: 985 participants × $2,371 national average per member. Usually higher once dependents are counted.

$61K–$150K/ year

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

Brands with a generic available$18K–$44K
Lower-cost therapeutic alternatives$26K–$54K
Generic pricing vs. actual cost$11K–$34K
PBM contract terms$6K–$18K
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
Davidson College
Sponsor EIN
56-0529961
Plan number
512
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-0529961 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Davidson College Tax-Deferred Annuity Plan
Type
Defined contribution plan
Participants
1,116

About this data

Source: Davidson 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 Davidson College.

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