Fairleigh Dickinson University

Teaneck, NJ EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
915Participants-14% vs. prior year
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 6Education in NJBy participants

Overview

Fairleigh Dickinson University sponsors a self-funded health plan that covered 915 participants in plan year 2025, down 14% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, long-term disability, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
915 · prior year 1,069
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Fairleigh Dickinson University Employee Benefit Plan, plan 508 (915 participants)
Broker compensation
$64K across insured contracts
MedicalLife insuranceDentalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Delta Dental of New Jersey, Inc.Dental1,497$693K$19K
The Guardian Life Insurance Company of AmericaLife, Long-term disability907$432K$42K
Zurich American Insurance CompanyBusiness Travel Accident1,025$15K$4K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 915 participants × $2,371 national average per member. Usually higher once dependents are counted.

$56K–$139K/ year

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

Brands with a generic available$16K–$41K
Lower-cost therapeutic alternatives$24K–$50K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
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
Fairleigh Dickinson University
Sponsor EIN
22-1494434
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-1494434 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fairleigh Dickinson University Defined Contribution Plan
Type
Defined contribution plan
Participants
5,107

About this data

Source: Fairleigh Dickinson 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 Fairleigh Dickinson University.

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