The Culinary Institute of America

Hyde Park, NY EducationNAICS 611000

Self-funded health planPlan year 2024Renews November
701ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Nov 2027Next renewalPlan year begins November 1
#22 of 27Education in NYBy participants

Overview

The Culinary Institute of America sponsors a self-funded health plan that covered 701 participants in plan year 2024. The plan year starts in November. 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
701
Plan year
Begins November 1 · next renewal November 2027
Health plans filed
Group Insurance Plan, plan 501 (701 participants)
Broker compensation
$59K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
First Unum Life Insurance CompanyLife, Short-term disability, Long-term disability701$300K$43K
Provident Life and Casualty Insurance CompanyAccident, Critical Illness, Hospital176$100K$16K
Anthem Blue Cross and Blue ShieldVision1,965$57K—
Curalinc HealthcareEmployee Assistance Program672$12K—
Cigna Health and Life Insurance Company and AffiliatesDental90$11K$859

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 701 participants × $2,371 national average per member. Usually higher once dependents are counted.

$43K–$107K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$18K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning November 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
The Culinary Institute of America
Sponsor EIN
06-0653264
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 06-0653264 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Culinary Institute of America Defined Contribution Plan
Type
Defined contribution plan
Participants
1,530

About this data

Source: The Culinary Institute of America'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 The Culinary Institute of America.

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