The United States Pharmacopeial Convention

Rockville, MD EducationNAICS 611000

Self-funded health planPlan year 2024Renews July
864ParticipantsFirst year on file
$2.0MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#4 of 5Education in MDBy participants

Overview

The United States Pharmacopeial Convention sponsors a self-funded health plan that covered 864 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
864
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
The United States Pharmacopeial Convention Health and Welfare Plan, plan 510 (864 participants)
Broker compensation
$27K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability780$690K$27K
Vision Service PlanVision710$197K—

Pharmacy benefit estimate

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

$2.0M/ year

Estimated prescription spend: 864 participants × $2,371 national average per member. Usually higher once dependents are counted.

$53K–$131K/ year

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

Brands with a generic available$16K–$39K
Lower-cost therapeutic alternatives$23K–$48K
Generic pricing vs. actual cost$10K–$29K
PBM contract terms$5K–$15K
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
The United States Pharmacopeial Convention
Sponsor EIN
13-1656692
Plan number
510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-1656692 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The United States Pharmacopeial Convention 401(k) Savings Plan
Type
401(k) plan
Participants
1,198

About this data

Source: The United States Pharmacopeial Convention'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 United States Pharmacopeial Convention.

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