Fairfield University

Fairfield, CT EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
1,217Participants+7% vs. prior year
$2.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 7Education in CTBy participants

Overview

Fairfield University sponsors a self-funded health plan that covered 1,217 participants in plan year 2025, up 7% from the prior year. 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
1,217 · prior year 1,140
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Fairfield University Group Benefit Plan, plan 513 (1,217 participants)
Broker compensation
$131K 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
Unum Life Insurance Company of AmericaLong-term disability, Life1,210$526K$131K
Anthem Health Plans, Inc.Vision1,621$84K—

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,217 participants × $2,371 national average per member. Usually higher once dependents are counted.

$75K–$185K/ year

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

Brands with a generic available$22K–$55K
Lower-cost therapeutic alternatives$32K–$67K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
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
Fairfield University
Sponsor EIN
06-0646623
Plan number
513
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 06-0646623 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fairfield University Defined Contribution Retirement Plan
Type
Defined contribution plan
Participants
2,212

About this data

Source: Fairfield University'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 Fairfield University.

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