North American Mission Board, SBC

Alpharetta, GA Information & technologyNAICS 515100

Self-funded health planPlan year 2024Renews January

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573ParticipantsFirst year on file

$1.4MEst. pharmacy spend / yrParticipants × national avg.

Jan 2027Next renewalPlan year begins January 1

#8 of 9Information & technology in GABy participants

Overview

North American Mission Board, SBC sponsors a self-funded health plan that covered 573 participants in plan year 2024. The plan year starts in January. Alongside medical, its benefits filing reports dental, vision.

Plan type: ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants: 573
Plan year: Begins January 1 · next renewal January 2027
Health plans filed: Namb Group Health Plan for Retirees, plan 502 (573 participants); North American Mission Board, SBC, plan 501 (454 participants)

MedicalDentalVision

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 573 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$87K/ year

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

Brands with a generic available$10K–$26K

Lower-cost therapeutic alternatives$15K–$32K

Generic pricing vs. actual cost$7K–$20K

PBM contract terms$3K–$10K

The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing: Form 5500 with Schedule A, plan year 2024
Plan sponsor: North American Mission Board, SBC
Sponsor EIN: 58-2379481
Plan numbers: 502, 501
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-2379481 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: North American Mission Board, SBC'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 North American Mission Board, SBC.

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