Deseret Mutual Benefit Administrators

SLC, UT Finance & insuranceNAICS 525100

Self-funded health planPlan year 2025Renews January
10,155Participants-10% vs. prior year
$24.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 6Finance & insurance in UTBy participants

Overview

Deseret Mutual Benefit Administrators sponsors a self-funded health plan that covered 10,155 participants in plan year 2025, down 10% 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
10,155 · prior year 11,241
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Affiliated Entities of the Church of Jesus Christ of Latter-Day Saints Flexible Benefits Plan, plan 502 (10,155 participants)
Broker compensation
$278K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Kaiser Foundation Health Plan Inc.HMO469$5.0M—
Vision Service PlanVision17,771$3.8M$266K
Kaiser Foundation Health Plan of HawaiiHMO336$2.1M—
Carelon Behavioral HealthEAP Program50,356$934K—

Pharmacy benefit estimate

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

$24.1M/ year

Estimated prescription spend: 10,155 participants × $2,371 national average per member. Usually higher once dependents are counted.

$626K–$1.5M/ year

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

Brands with a generic available$183K–$457K
Lower-cost therapeutic alternatives$267K–$559K
Generic pricing vs. actual cost$116K–$347K
PBM contract terms$60K–$181K
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
Deseret Mutual Benefit Administrators
Sponsor EIN
87-0440163
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 87-0440163 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Deseret 401(k) Plan
Type
401(k) plan
Participants
41,648

About this data

Source: Deseret Mutual Benefit Administrators'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 Deseret Mutual Benefit Administrators.

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