Florida Institute of Technology
Overview
Florida Institute of Technology sponsors a self-funded health plan that covered 879 participants in plan year 2025, up 3% from the prior year. The plan year starts in April. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 879 · prior year 855
- Plan year
- Begins April 1 · next renewal April 2027
- Health plans filed
- Florida Institute of Technology, plan 519 (879 participants)
- Broker compensation
- $73K 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 |
|---|---|---|---|---|
| Independent Colleges & Universities Benefits Association | Health Reimbursement Account, Flexible Spending Account | 872 | $2.2M | — |
| Delta Dental Insurance Company | Dental | 736 | $516K | $27K |
| Symetra Life Insurance Company | Life | 1,043 | $421K | $28K |
| Continental American Insurance Company | Aflac | 207 | $91K | $17K |
| Eyemed Vision Care | Vision | 692 | $70K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 879 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
- Florida Institute of Technology
- Sponsor EIN
- 59-6046500
- Plan number
- 519
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 59-6046500 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Florida Tech Retirement Plan
- Type
- Defined contribution plan
- Participants
- 2,149
About this data
Source: Florida Institute of Technology'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 Florida Institute of Technology.