Transamerica Corporation

Cedar Rapids, IA Finance & insuranceNAICS 524140

Self-funded health planPlan year 2025Renews January
571Participants-14% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#11 of 13Finance & insurance in IABy participants

Overview

Transamerica Corporation sponsors a self-funded health plan that covered 571 participants in plan year 2025, down 14% 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
571 · prior year 668
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Transamerica Health Reimbursement Arrangement for Grandfathered Retirees, plan 522 (571 participants)
Broker compensation
$695K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Transamerica Life Insurance CompanyLife, Prescription drug7,545$8.6M$447K
Kaiser Foundation Health Plan of ColoradoMedical, Prescription drug, HMO367$2.2M$46K
Metropolitan Life Insurance CompanyLong-term disability10,633$1.8M$86K
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, HMO123$1.1M$22K
Kaiser Foundation Health Plan of Georgia, Inc.Medical, Prescription drug, HMO101$586K$12K
Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc.Medical, Prescription drug, HMO93$519K$15K
Life Insurance Company of North AmericaAccidental Death and Dismemberment7,545$379K$17K
MetLife Legal PlansLegal1,129$228K$29K
UnitedHealthcare Insurance CompanyVision2,417$134K—
Curalinc LLCEmployee Assistance Program7,749$116K—
Accolade 2ndmd LLCExpert Medical Opinion6,860$98K—
Cigna Health and Life Insurance Co.Medical7,469$14K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 571 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$87K/ year

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

Brands with a generic available$10K–$26K
Lower-cost therapeutic alternatives$15K–$31K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
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
Transamerica Corporation
Sponsor EIN
42-1484983
Plan number
522
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 42-1484983 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Transamerica Pension Plan
Type
Pension plan
Participants
29,104

About this data

Source: Transamerica 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 Transamerica Corporation.

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