Fermi Research Alliance, LLC
Overview
Fermi Research Alliance, LLC sponsors a self-funded health plan that covered 3,586 participants in plan year 2024. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, long-term disability, severance.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 3,586
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Fermi National Accelerator Laboratory Health and Welfare Benefits Plan, plan 514 (3,586 participants); Group Medical Plan for Retirees of the Superconducting Supercollider Laboratory, plan 520 (42 participants)
- Stop-loss carrier
- Blue Cross Blue Shield of Illinois
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Blue Cross Blue Shield of Illinois | Medical, PPO, Stop-loss, HMO | 3,161 | $32.5M | — |
| Metropolitan Life Insurance Company | Life, Long-term disability | 3,057 | $2.2M | — |
| Eyemed | Vision | 2,970 | $284K | — |
| Delta Dental of Illinois | Medical, Dental | 1,982 | $99K | — |
| Express Scripts | Prescription drug | 3,161 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 3,586 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Fermi Research Alliance, LLC
- Sponsor EIN
- 57-1239010
- Plan numbers
- 514, 520
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 57-1239010 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Retirement Plan for Employees of Fermi Research Alliance, LLC
- Type
- Defined contribution plan
- Participants
- 4,090
About this data
Source: Fermi Research Alliance, LLC's Form 5500 filing for plan year 2024 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 Fermi Research Alliance, LLC.