Knights of Columbus Supreme Council

New Haven, CT Finance & insuranceNAICS 524140

Self-funded health planPlan year 2024Renews July
1,232ParticipantsFirst year on file
$2.9MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#7 of 11Finance & insurance in CTBy participants

Overview

Knights of Columbus Supreme Council sponsors a self-funded health plan that covered 1,232 participants in plan year 2024. 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
1,232
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Welfare Benefit Plan for Agents of the Knights of Columbus, plan 501 (1,232 participants); Welfare Benefit Plan for Employees and Certain Retirees of the Knights of Columbus, plan 506 (1,156 participants)
Stop-loss carrier
QBE Insurance; Swiss Reinsurance Company, Ltd
Broker compensation
$179K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeverance

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLong-term disability, Life1,147$1.7M$25K
QBE InsuranceStop-loss752$1.6M$112K
Cigna Health and Life Insurance Company and Affiliates (cigna)Dental801$1.1M$8K
Swiss Reinsurance Company, LtdStop-loss223$1.1M—
Life Insurance Company of North AmericaLife, Long-term disability, Accidental Death821$814K$23K
Vision Service PlanVision758$247K$7K
Arag Insurance CompanyLegal504$49K$5K

Pharmacy benefit estimate

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

$2.9M/ year

Estimated prescription spend: 1,232 participants × $2,371 national average per member. Usually higher once dependents are counted.

$76K–$187K/ year

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

Brands with a generic available$22K–$56K
Lower-cost therapeutic alternatives$32K–$68K
Generic pricing vs. actual cost$14K–$42K
PBM contract terms$7K–$22K
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 2024
Plan sponsor
Knights of Columbus Supreme Council
Sponsor EIN
06-0416470
Plan numbers
501, 506
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 06-0416470 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Knights of Columbus Agents Pension Plan
Type
Pension plan
Participants
3,167

About this data

Source: Knights of Columbus Supreme Council's Form 5500 filing for plan year 2024 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 Knights of Columbus Supreme Council.

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