Oral Roberts University

Tulsa, OK EducationNAICS 611000

Self-funded health planPlan year 2024Renews December
594ParticipantsFirst year on file
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Dec 2026Next renewalPlan year begins December 1
#3 of 3Education in OKBy participants

Overview

Oral Roberts University sponsors a self-funded health plan that covered 594 participants in plan year 2024. The plan year starts in December. 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
594
Plan year
Begins December 1 · next renewal December 2026
Health plans filed
Oral Roberts University Group Benefits Plan, plan 501 (594 participants)
Stop-loss carrier
Blue Cross and Blue Shield of Oklahoma
Broker compensation
$113K 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
Blue Cross and Blue Shield of OklahomaMedical, Stop-loss585$3.5M$46K
Delta DentalDental414$414K—
Metropolitan Life Insurance CompanyLife, Short-term disability, Long-term disability914$219K$60K
Vision Care OklahomaVision594$64K$6K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 594 participants × $2,371 national average per member. Usually higher once dependents are counted.

$37K–$90K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$4K–$11K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning December 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Oral Roberts University
Sponsor EIN
73-0739626
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 73-0739626 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Oral Roberts University Retirement Plan
Type
Defined contribution plan
Participants
884

About this data

Source: Oral Roberts University'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 Oral Roberts University.

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