Ithaca College

Ithaca, NY EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
1,320Participants-2% vs. prior year
$3.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 27Education in NYBy participants

Overview

Ithaca College sponsors a self-funded health plan that covered 1,320 participants in plan year 2025, down 2% 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
1,320 · prior year 1,349
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Emeriti Retiree Health Plan for Ithaca College, plan 504 (1,320 participants); Ithaca College Group Life and Medical Plan, plan 501 (1,218 participants)
Broker compensation
$113K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life and Health Insurace Company (US)Life1,893$293K$53K
Lincoln National Life Insurance CompanyLong-term disability, Short-term disability1,173$288K$51K
Aetna Life Insurance CompanyPrescription drug, PPO, Dental62$132K—
Genworth Life Insurance CompanyLong Term Care65$101K$5K
Metropolitan Life Insurance CompanyVision1,341$61K$4K

Pharmacy benefit estimate

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

$3.1M/ year

Estimated prescription spend: 1,320 participants × $2,371 national average per member. Usually higher once dependents are counted.

$81K–$201K/ year

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

Brands with a generic available$24K–$59K
Lower-cost therapeutic alternatives$35K–$73K
Generic pricing vs. actual cost$15K–$45K
PBM contract terms$8K–$23K
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
Ithaca College
Sponsor EIN
15-0532204
Plan numbers
504, 501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 15-0532204 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ithaca College 403(b) Retirement Plan
Type
Defined contribution plan
Participants
3,750

About this data

Source: Ithaca College'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 Ithaca College.

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