Stonehill College

North Easton, MA EducationNAICS 611000

Self-funded health planPlan year 2024Renews JulyCollectively bargained
504ParticipantsFirst year on file
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#15 of 16Education in MABy participants

Overview

Stonehill College sponsors a self-funded health plan that covered 504 participants in plan year 2024. The plan year starts in July. 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
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Stonehill College, Inc. Health and Welfare Benefit Plan, plan 508 (504 participants)
Broker compensation
$53K 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
Prudential Insurance Company of AmericaLife, Long-term disability461$196K$38K
Colonial Life & Accident Insurance CompanyShort-term disability50$61K$11K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision699$39K$4K
New Directions Behavioral HealthEAP700$10K—

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 July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Stonehill College
Sponsor EIN
04-2104229
Plan number
508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2104229 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Stonehill College 403(b) Retirement Savings Plan
Type
Defined contribution plan
Participants
1,338

About this data

Source: Stonehill College'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 Stonehill College.

Request a correction · Methodology