South University

Savannah, GA EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
1,065Participants+6% vs. prior year
$2.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 9Education in GABy participants

Overview

South University sponsors a self-funded health plan that covered 1,065 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
1,065 · prior year 1,001
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
South University Employee Benefit Plan, plan 501 (1,065 participants)
Stop-loss carrier
Reliastar Life Insurance Company
Broker compensation
$145K 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
Reliastar Life Insurance CompanyStop-loss793$1.4M$55K
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability1,065$996K$61K
UnitedHealthcare Insurance CompanyDental, Vision480$762K—
Unum Insurance CompanyCritical Illness331$99K$28K

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,065 participants × $2,371 national average per member. Usually higher once dependents are counted.

$66K–$162K/ year

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

Brands with a generic available$19K–$48K
Lower-cost therapeutic alternatives$28K–$59K
Generic pricing vs. actual cost$12K–$36K
PBM contract terms$6K–$19K
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
South University
Sponsor EIN
82-1659323
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 82-1659323 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
South University Retirement Plan
Type
401(k) plan
Participants
2,460

About this data

Source: South University'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 South University.

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