Ropes & Gray LLP

Boston, MA Professional servicesNAICS 541110

Self-funded health planPlan year 2025Renews January
504Participants+14% vs. prior year
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#39 of 39Professional services in MABy participants

Overview

Ropes & Gray LLP sponsors a self-funded health plan that covered 504 participants in plan year 2025, up 14% 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
504 · prior year 442
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Ropes & Gray LLP Health Care Reimbursement Account Plan, plan 511 (504 participants)
Broker compensation
$319K 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
Sun Life Assurance Company of CanadaLife, Long-term disability2,665$6.6M$261K
Aetna Life Insurance CompanyMedical, Dental, Vision56$283K$16K
Unum Life Insurance Company of AmericaLong Term Care64$242K$36K
UnitedHealthcare Insurance CompanyVision3,834$199K—
Telus Health (US) LtdEmployee Assistance Plan2,318$108K—
Ace American Insurance CompanyBusiness Travel Accident2,543$39K$6K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 504 participants × $2,371 national average per member. Usually higher once dependents are counted.

$31K–$77K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$13K–$28K
Generic pricing vs. actual cost$6K–$17K
PBM contract terms$3K–$9K
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
Ropes & Gray LLP
Sponsor EIN
04-2233412
Plan number
511
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2233412 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Ropes & Gray LLP Retirement Savings Plan
Type
401(k) plan
Participants
4,579

About this data

Source: Ropes & Gray LLP'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 Ropes & Gray LLP.

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