Fairway Independent Mortgage Corporation

Madison, WI Finance & insuranceNAICS 522292

Self-funded health planPlan year 2025Renews January
4,500Participants-17% vs. prior year
$10.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 18Finance & insurance in WIBy participants

Overview

Fairway Independent Mortgage Corporation sponsors a self-funded health plan that covered 4,500 participants in plan year 2025, down 17% 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
4,500 · prior year 5,401
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Fairway Independent Mortgage Corporation Employee Benefits Plan, plan 501 (4,500 participants)
Stop-loss carrier
UnitedHealthcare Insurance Company
Broker compensation
$608K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard Insurance CompanyLife, Long-term disability4,062$2.9M$583K
UnitedHealthcare Insurance CompanyStop-loss28,836$966K—
Eye MEDVision6,861$378K$5K
Berkshire Life Insurance Company of AmericaSupplemental Disability45$174K$21K
Empathia, Inc.EAP4,497$83K—

Pharmacy benefit estimate

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

$10.7M/ year

Estimated prescription spend: 4,500 participants × $2,371 national average per member. Usually higher once dependents are counted.

$277K–$684K/ year

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

Brands with a generic available$81K–$203K
Lower-cost therapeutic alternatives$118K–$248K
Generic pricing vs. actual cost$51K–$154K
PBM contract terms$27K–$80K
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
Fairway Independent Mortgage Corporation
Sponsor EIN
76-0503625
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 76-0503625 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fairway Independent Mortgage Corporation Employee Stock Ownership Plan
Type
Defined contribution plan
Participants
6,204

About this data

Source: Fairway Independent Mortgage 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 Fairway Independent Mortgage Corporation.

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