Exelon Corporation

Chicago, IL UtilitiesNAICS 221100

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
6,114Participants+2% vs. prior year
$14.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 2Utilities in ILBy participants

Overview

Exelon Corporation sponsors a self-funded health plan that covered 6,114 participants in plan year 2025, up 2% 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
6,114 · prior year 5,989
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Exelon Corporation Health Reimbursement Arrangement Plan, plan 582 (6,114 participants); Pepco Holdings, Inc. Welfare Plan for Retirees, plan 585 (4,370 participants); Exelon Corporation Flexible Benefits Program, plan 507 (3,177 participants); BGE Retiree Medical Plan, plan 562 (335 participants)
Broker compensation
$918K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyMedical, Life36,865$27.6M$546K
HumanaMedical, PPO3,906$17.8M—
Life Insurance Company of North AmericaLong-term disability16,736$8.4M$141K
Hartford Life and AccidentLife, Long-term disability, Accidental Death & Dismemberment31,856$4.8M$128K
Keystone 65 HMOMedical, HMO248$1.5M—
Arag Insurance CompanyLegal11,150$1.0M$102K
CignaDental, HMO729$461K—
QCC Insurance CompanyMedical, HMO36$254K—
Health Care Service CorporationDental, HMO42$15K—

Pharmacy benefit estimate

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

$14.5M/ year

Estimated prescription spend: 6,114 participants × $2,371 national average per member. Usually higher once dependents are counted.

$377K–$929K/ year

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

Brands with a generic available$110K–$275K
Lower-cost therapeutic alternatives$161K–$336K
Generic pricing vs. actual cost$70K–$209K
PBM contract terms$36K–$109K
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
Exelon Corporation
Sponsor EIN
23-2990190
Plan numbers
582, 585, 507, 562
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-2990190 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Exelon Corporation Employee Savings Plan
Type
401(k) plan
Participants
26,632

About this data

Source: Exelon 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 Exelon Corporation.

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