Mastery Schools

Philadelphia, PA EducationNAICS 611000

Self-funded health planPlan year 2024Renews July
1,728ParticipantsFirst year on file
$4.1MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#6 of 21Education in PABy participants

Overview

Mastery Schools sponsors a self-funded health plan that covered 1,728 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
1,728
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Mastery Schools Group Benefits Plan, plan 501 (1,728 participants)
Broker compensation
$163K 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
Reliance Standard Life InsuranceLife, Short-term disability, Long-term disability1,728$1.2M$151K
Vision Service PlanVision1,262$191K$13K

Pharmacy benefit estimate

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

$4.1M/ year

Estimated prescription spend: 1,728 participants × $2,371 national average per member. Usually higher once dependents are counted.

$107K–$263K/ year

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

Brands with a generic available$31K–$78K
Lower-cost therapeutic alternatives$45K–$95K
Generic pricing vs. actual cost$20K–$59K
PBM contract terms$10K–$31K
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
Mastery Schools
Sponsor EIN
23-3060542
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-3060542 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Mastery Schools'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 Mastery Schools.

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