Goodwill Industries of Northern New England

Gorham, ME Health careNAICS 624310

Self-funded health planPlan year 2025Renews July
888Participants0% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#6 of 9Health care in MEBy participants

Overview

Goodwill Industries of Northern New England sponsors a self-funded health plan that covered 888 participants in plan year 2025, about the same as the prior year. The plan year starts in July. 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
888 · prior year 888
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Goodwill Industries of Northern New England Consolidated Welfare Benefits Plan, plan 502 (888 participants)
Broker compensation
$8K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability680$220K$4K
Starmount Life Insurance CompanyDental, Vision505$130K$3K
Unum Insurance CompanyHospital, Accident, Critical Illness73$18K$1K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 888 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$135K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$23K–$49K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Goodwill Industries of Northern New England
Sponsor EIN
01-0284340
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 01-0284340 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Goodwill Northern New England 403(b) Plan
Type
Defined contribution plan
Participants
1,383

About this data

Source: Goodwill Industries of Northern New England'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 Goodwill Industries of Northern New England.

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