Hyland Software, Inc.

Westlake, OH Professional servicesNAICS 541512

Self-funded health planPlan year 2025Renews January
2,315Participants-14% vs. prior year
$5.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 44Professional services in OHBy participants

Overview

Hyland Software, Inc. sponsors a self-funded health plan that covered 2,315 participants in plan year 2025, down 14% 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
2,315 · prior year 2,683
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hyland Software Welfare Benefit Plan, plan 503 (2,315 participants)
Broker compensation
$207K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Lincoln National Life Insurance CompanyLife2,070$890K$109K
The Guardian Life Insurance Company of AmericaDental, Long-term disability1,123$433K$20K
Unum Life Insurance Company of AmericaWorksite1,559$379K$66K
Vision Service PlanVision1,755$302K—
MetLife Legal PlansLegal507$82K$10K
ComPsychEAP3,643$74K—

Pharmacy benefit estimate

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

$5.5M/ year

Estimated prescription spend: 2,315 participants × $2,371 national average per member. Usually higher once dependents are counted.

$143K–$352K/ year

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

Brands with a generic available$42K–$104K
Lower-cost therapeutic alternatives$61K–$127K
Generic pricing vs. actual cost$26K–$79K
PBM contract terms$14K–$41K
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
Hyland Software, Inc.
Sponsor EIN
34-1699247
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 34-1699247 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hyland Software 401(k) Plan
Type
401(k) plan
Participants
3,338

About this data

Source: Hyland Software, 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 Hyland Software, Inc..

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