Northwest Bank
Overview
Northwest Bank sponsors a self-funded health plan that covered 2,216 participants in plan year 2025, up 6% from the prior year. The plan year starts in January. 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
- 2,216 · prior year 2,101
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Northwest Bank Employees Welfare Benefits Program, plan 509 (2,216 participants); Northwest Bank Flexible Spending Plan, plan 502 (361 participants)
- Broker compensation
- $277K 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 |
|---|---|---|---|---|
| The Lincoln National Life Insurance Company | Life, Short-term disability, Long-term disability | 2,216 | $1.8M | $256K |
| Vision Service Plan | Vision | 1,600 | $311K | $21K |
| ESI | Employee Assistance Program | 2,055 | $56K | — |
| United Concordia Insurance Company | Dental | 68 | $23K | — |
| Zurich American Insurance Company | Business Travel Accident | 2,216 | $4K | $625 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,216 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
- Northwest Bank
- Sponsor EIN
- 23-2790930
- Plan numbers
- 509, 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 23-2790930 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Northwest Bank 2015 Amended and Restated 401(k) Plan
- Type
- 401(k) plan
- Participants
- 3,248
About this data
Source: Northwest Bank'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 Northwest Bank.