Springfield Clinic, LLP

Springfield, IL Health careNAICS 621111

Self-funded health planPlan year 2025Renews January
2,725Participants-24% vs. prior year
$6.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#24 of 65Health care in ILBy participants

Overview

Springfield Clinic, LLP sponsors a self-funded health plan that covered 2,725 participants in plan year 2025, down 24% 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
2,725 · prior year 3,577
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Group Insurance Plan for the Employees of Springfield Clinic, plan 504 (2,725 participants)
Stop-loss carrier
HM Life Insurance Company
Broker compensation
$695K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaShort-term disability, Medical, Life, Accidental Injury, Short Term Disability, Long-term disability, Critical Illness, Hospital3,636$4.3M$673K
HM Life Insurance CompanyStop-loss2,642$2.0M—
Delta Dental of IllinoisDental2,758$1.6M—
Reliance MatrixLong-term disability355$946K$22K

Pharmacy benefit estimate

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

$6.5M/ year

Estimated prescription spend: 2,725 participants × $2,371 national average per member. Usually higher once dependents are counted.

$168K–$414K/ year

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

Brands with a generic available$49K–$123K
Lower-cost therapeutic alternatives$72K–$150K
Generic pricing vs. actual cost$31K–$93K
PBM contract terms$16K–$48K
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
Springfield Clinic, LLP
Sponsor EIN
37-0701328
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 37-0701328 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Springfield Clinic, LLP 401(k) Employees' Benefit and Retirement Plan
Type
401(k) plan
Participants
4,964

About this data

Source: Springfield Clinic, 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 Springfield Clinic, LLP.

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