Suffolk University

Boston, MA EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
1,036Participants+1% vs. prior year
$2.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#10 of 16Education in MABy participants

Overview

Suffolk University sponsors a self-funded health plan that covered 1,036 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,036 · prior year 1,027
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Suffolk University Health and Welfare Benefit Plan, plan 504 (1,036 participants)
Broker compensation
$125K across insured contracts
MedicalLife insuranceDentalVisionLong-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 disability, Accident, Critical Illness872$741K$118K
Tufts Associated Health Maintenance Organization, Inc.Medical, Prescription drug37$147K—
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision762$71K$7K
KGAEmployee Assistance Program1,036$37K—

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,036 participants × $2,371 national average per member. Usually higher once dependents are counted.

$64K–$157K/ year

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

Brands with a generic available$19K–$47K
Lower-cost therapeutic alternatives$27K–$57K
Generic pricing vs. actual cost$12K–$35K
PBM contract terms$6K–$18K
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
Suffolk University
Sponsor EIN
04-2133255
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-2133255 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Suffolk University Employee Retirement Plan
Type
Defined contribution plan
Participants
2,798

About this data

Source: Suffolk 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 Suffolk University.

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