First Student, Inc.
Overview
First Student, Inc. sponsors a self-funded health plan that covered 50,777 participants in plan year 2025, about the same as 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
- 50,777 · prior year 49,862
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Firstgroup America, Inc. Health & Welfare Plan, plan 501 (50,777 participants)
- Stop-loss carrier
- Pan-American Life Insurance Company
- Broker compensation
- $430K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Kaiser Foundation Health Plan, Inc. | Medical | 344 | $8.1M | $116K |
| Lincoln National Life Insurance Company | Life, Long-term disability, Short-term disability | 48,161 | $6.6M | $66K |
| Kaiser Foundation Health Plan of the Northwest | Medical | 152 | $3.2M | $51K |
| Cigna Health and Life Insurance Company and Affiliates('cigna') | Dental, HMO | 7,304 | $2.0M | — |
| Pan-American Life Insurance Company | Stop-loss | 1,483 | $1.6M | $154K |
| Vision Service Plan | Vision | 7,247 | $1.4M | — |
| Health New England, Inc. | Medical | 26 | $663K | $24K |
| Life Insurance Company of North America | Business Travel Accident | 4,567 | $20K | $3K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 50,777 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 2025
- Plan sponsor
- First Student, Inc.
- Sponsor EIN
- 52-2205403
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 52-2205403 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- First Student, Inc. Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 51,842
About this data
Source: First Student, Inc.'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 First Student, Inc..