The Research Foundation for Suny

Albany, NY Professional servicesNAICS 541700

Self-funded health planPlan year 2025Renews January
2,224Participants+4% vs. prior year
$5.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#17 of 70Professional services in NYBy participants

Overview

The Research Foundation for Suny sponsors a self-funded health plan that covered 2,224 participants in plan year 2025, up 4% 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
2,224 · prior year 2,136
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Graduate Student Employee Health Plan, plan 512 (2,224 participants)
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Capital District Physician's Health Plan, Inc.Medical, Prescription drug, HMO443$11.6M—
Independent HealthMedical, Prescription drug, HMO350$8.1M—
MVP HealthcareMedical, Prescription drug, HMO418$4.6M—
First Reliance Standard Life Insurance CompanyShort-term disability, Long-term disability5,376$1.4M—
Securian Life Insurance CompanyLife6,651$1.2M—
Capital District Physicians Health Plan, Inc.Medical, Prescription drug, HMO26$471K—

Pharmacy benefit estimate

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

$5.3M/ year

Estimated prescription spend: 2,224 participants × $2,371 national average per member. Usually higher once dependents are counted.

$137K–$338K/ year

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

Brands with a generic available$40K–$100K
Lower-cost therapeutic alternatives$59K–$122K
Generic pricing vs. actual cost$25K–$76K
PBM contract terms$13K–$40K
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 Research Foundation for Suny
Sponsor EIN
14-1368361
Plan number
512
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 14-1368361 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Research Foundation for the State University of New York Retirement Plan
Type
Defined contribution plan
Participants
17,865

About this data

Source: The Research Foundation for Suny'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 Research Foundation for Suny.

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