Skillsoft Corporation

Nashua, NH Professional servicesNAICS 541519

Self-funded health planPlan year 2024Renews June
873ParticipantsFirst year on file
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#3 of 5Professional services in NHBy participants

Overview

Skillsoft Corporation sponsors a self-funded health plan that covered 873 participants in plan year 2024. The plan year starts in June. 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
873
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Skillsoft Corporation Flexplan 125, plan 502 (873 participants)
Broker compensation
$460 across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, Long-term disability, Basic Accidental Death and Dismemberment930$608K$460

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 873 participants × $2,371 national average per member. Usually higher once dependents are counted.

$54K–$133K/ year

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

Brands with a generic available$16K–$39K
Lower-cost therapeutic alternatives$23K–$48K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Skillsoft Corporation
Sponsor EIN
02-0496115
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 02-0496115 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Skillsoft Corporation 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
2,176

About this data

Source: Skillsoft Corporation'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 Skillsoft Corporation.

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