Mphasis Corporation
Overview
Mphasis Corporation sponsors a self-funded health plan that covered 2,695 participants in plan year 2025, down 7% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 2,695 · prior year 2,886
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Mphasis Corporation Medical Plan, plan 510 (2,695 participants)
- Stop-loss carrier
- HCC Life Insurance Company
- Broker compensation
- $346K 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 |
|---|---|---|---|---|
| HCC Life Insurance Company | Stop-loss | 2,347 | $2.8M | $142K |
| First Reliance Standard Life Insurance Company | Short-term disability, Long-term disability, Life | 2,695 | $1.1M | $127K |
| Reliance Standard Life Insurance Company | Critical Illness, Accident, Hospital Indemnity | 958 | $717K | $76K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,695 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 2025
- Plan sponsor
- Mphasis Corporation
- Sponsor EIN
- 95-4759720
- Plan number
- 510
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 95-4759720 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Mphasis Corporation 401(k) Plan
- Type
- 401(k) plan
- Participants
- 4,253
About this data
Source: Mphasis Corporation'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 Mphasis Corporation.