Mount Prospect Academy, Inc.
Overview
Mount Prospect Academy, Inc. sponsors a self-funded health plan that covered 630 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
- 630
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Mount Prospect Academy & Vermont Permanency Initiative Employee Benefits Plan, plan 501 (630 participants)
- Broker compensation
- $41K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Sun Life Assurance Company of Canada | Life, Short-term disability, Long-term disability | 472 | $225K | $14K |
| Unum Life Insurance Company of America | Life, Short-term disability | 562 | $120K | $21K |
| Vision Service Plan | Vision | 304 | $46K | $2K |
| Legalplans, USA | Legal | 74 | $19K | $4K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 630 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Mount Prospect Academy, Inc.
- Sponsor EIN
- 32-0048804
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 32-0048804 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Mount Prospect Academy, Inc. 403(b) Plan
- Type
- Defined contribution plan
- Participants
- 659
About this data
Source: Mount Prospect Academy, Inc.'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 Mount Prospect Academy, Inc..