Popular, Inc.

San Juan, PR Finance & insuranceNAICS 522110

Self-funded health planPlan year 2025Renews January
8,440Participants+7% vs. prior year
$20.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 3Finance & insurance in PRBy participants

Overview

Popular, Inc. sponsors a self-funded health plan that covered 8,440 participants in plan year 2025, up 7% 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
8,440 · prior year 7,883
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Health, Pharmacy and Employee Assistance Program Plan, plan 501 (8,440 participants)
Stop-loss carrier
Zurich American Insurance Company
Broker compensation
$998K 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
MCS Life Insurance CompanyMedical, Prescription drug, Dental, Vision, PPO4,327$3.4M$260K
Zurich American Insurance CompanyStop-loss9,182$2.7M$272K
Life Insurance Company of North AmericaLife, Long-term disability8,151$2.7M$271K
Triple-S Vida, Inc.Short-term disability7,019$557K$70K
Inspira Mental Health ManagementEmployee Assistance Program8,440$127K$13K
Triple-S Salud, Inc.Medical, Dental, Vision, PPO3,086$85K$106K
Chubb Insurance CompanyBusiness Travel Accident8,812$34K$7K
Abarca Health LLCPrescription drug8,217——

Pharmacy benefit estimate

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

$20.0M/ year

Estimated prescription spend: 8,440 participants × $2,371 national average per member. Usually higher once dependents are counted.

$520K–$1.3M/ year

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

Brands with a generic available$152K–$380K
Lower-cost therapeutic alternatives$222K–$464K
Generic pricing vs. actual cost$96K–$288K
PBM contract terms$50K–$150K
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 2025
Plan sponsor
Popular, Inc.
Sponsor EIN
66-0667416
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 66-0667416 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Popular, Inc. PR Savings and Investment Plan Savings and Investment Plan
Type
Defined contribution plan
Participants
10,248

About this data

Source: Popular, Inc.'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 Popular, Inc..

Request a correction · Methodology