The AES Corporation

Arlington, VA UtilitiesNAICS 221100

Self-funded health planPlan year 2025Renews January
5,505Participants+51% vs. prior year
$13.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 2Utilities in VABy participants

Overview

The AES Corporation sponsors a self-funded health plan that covered 5,505 participants in plan year 2025, up 51% 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
5,505 · prior year 3,650
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Health and Welfare Benefits Plan LLC, plan 501 (5,505 participants)
Stop-loss carrier
Sun Life Assurance Company of Canada
Broker compensation
$899K 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
Sun Life Assurance Company of CanadaStop-loss3,525$5.8M$350K
Minnesota Life Insurance CompanyLife7,224$3.7M$227K
Delta Dental of VirginiaDental7,949$3.5M—
Reliance Standard Life Insurance CompanyLong-term disability, Disability Benefit Law3,184$1.5M$40K
Reliastar Life Insurance CompanyAccidental Voluntarty Employee,critical 3,016$786K$207K
Vision Service PlanVision3,162$621K—
UnitedHealthcare Insurance CompanyMedical3,939$522K$58K
Hawaii Medical Service AssociationMedical70$492K—
Arag Insurance CompanyLegal954$126K$16K

Pharmacy benefit estimate

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

$13.1M/ year

Estimated prescription spend: 5,505 participants × $2,371 national average per member. Usually higher once dependents are counted.

$339K–$837K/ year

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

Brands with a generic available$99K–$248K
Lower-cost therapeutic alternatives$145K–$303K
Generic pricing vs. actual cost$63K–$188K
PBM contract terms$33K–$98K
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
The AES Corporation
Sponsor EIN
11-3723753
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-3723753 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: The AES Corporation'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 The AES Corporation.

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