Manhattan University

Riverdale, NY EducationNAICS 611000

Self-funded health planPlan year 2024Renews December
688ParticipantsFirst year on file
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Dec 2026Next renewalPlan year begins December 1
#23 of 27Education in NYBy participants

Overview

Manhattan University sponsors a self-funded health plan that covered 688 participants in plan year 2024. The plan year starts in December. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
688
Plan year
Begins December 1 · next renewal December 2026
Health plans filed
Manhattan University Employees Benefit Plan, plan 501 (688 participants)
Broker compensation
$66K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance Company of AmericaDental468$417K$46K
First Reliance Standard Life Insurance CompanyLong-term disability, Life, Voluntary AD&D611$256K$17K
Metropolitan Life Insurance CompanyVision348$26K$3K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 688 participants × $2,371 national average per member. Usually higher once dependents are counted.

$42K–$105K/ year

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

Brands with a generic available$12K–$31K
Lower-cost therapeutic alternatives$18K–$38K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning December 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
Manhattan University
Sponsor EIN
13-1740468
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-1740468 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Manhattan University Defined Contribution Retirement Plan
Type
Defined contribution plan
Participants
1,195

About this data

Source: Manhattan University'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 Manhattan University.

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