Illinois Institute of Technology

Chicago, IL EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
1,079Participants+2% vs. prior year
$2.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 12Education in ILBy participants

Overview

Illinois Institute of Technology sponsors a self-funded health plan that covered 1,079 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
1,079 · prior year 1,063
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Illinois Institute of Technology Health Care Plan, plan 501 (1,079 participants)
Stop-loss carrier
Bluecross Blueshield of Illinois
Broker compensation
$173K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Bluecross Blueshield of IllinoisMedical, Stop-loss1,625$10.4M$162K
Dearborn Life Insurance CompanyLife, Short-term disability, Long-term disability1,075$776K$11K
Delta Dental of IllinoisDental762$612K—
Eyemed Vision CareVision932$72K—
Life Insurance Company of North AmericaAccidental Death1,051$4K—

Pharmacy benefit estimate

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

$2.6M/ year

Estimated prescription spend: 1,079 participants × $2,371 national average per member. Usually higher once dependents are counted.

$67K–$164K/ year

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

Brands with a generic available$19K–$49K
Lower-cost therapeutic alternatives$28K–$59K
Generic pricing vs. actual cost$12K–$37K
PBM contract terms$6K–$19K
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
Illinois Institute of Technology
Sponsor EIN
36-2170136
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-2170136 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Illinois Institute of Technology Tax Deferred Annuity Plan
Type
Defined contribution plan
Participants
2,702

About this data

Source: Illinois 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 Illinois Institute of Technology.

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