National Life Insurance Company

Montpelier, VT Finance & insuranceNAICS 524140

Self-funded health planPlan year 2025Renews April
1,268Participants+11% vs. prior year
$3.0MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#1 of 1Finance & insurance in VTBy participants

Overview

National Life Insurance Company sponsors a self-funded health plan that covered 1,268 participants in plan year 2025, up 11% from the prior year. The plan year starts in April. 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
1,268 · prior year 1,148
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
National Life Insurance Company Field Group Benefit Plan, plan 501 (1,268 participants); National Life Group Medical Reimbursement Plan for Employees, plan 513 (287 participants)
Broker compensation
$61K 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
National Life Insurance CompanyLife1,619$2.2M—
Reliance Standard Life Insurance CompanyLife, Long-term disability, Accident, Critical Illness, Short-term disability1,623$811K$44K
Vision Service PlanVision1,950$611K—
Delta Dental Plan of Vermont, Inc.Dental748$344K$17K
Federal Insurance CompanyAccidental Death and Dismemberment1,619——

Pharmacy benefit estimate

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

$3.0M/ year

Estimated prescription spend: 1,268 participants × $2,371 national average per member. Usually higher once dependents are counted.

$78K–$193K/ year

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

Brands with a generic available$23K–$57K
Lower-cost therapeutic alternatives$33K–$70K
Generic pricing vs. actual cost$14K–$43K
PBM contract terms$8K–$23K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
National Life Insurance Company
Sponsor EIN
03-0144090
Plan numbers
501, 513
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 03-0144090 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
National Life Group 401(k) Plan
Type
401(k) plan
Participants
2,310

About this data

Source: National Life Insurance Company'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 National Life Insurance Company.

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