University of Indianapolis

Indianapolis, IN EducationNAICS 611000

Self-funded health planPlan year 2025Renews January
641Participants+1% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 5Education in INBy participants

Overview

University of Indianapolis sponsors a self-funded health plan that covered 641 participants in plan year 2025, about the same as 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
641 · prior year 635
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
University of Indianapolis Employee Benefit Plan, plan 510 (641 participants); The University of Indianapolis Emeriti Retiree Health Plan, plan 508 (631 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
Delta Dental of IndianaDental838$286K$15K
American United Life Insurance CompanyLife, Short-term disability, Long-term disability641$269K$39K
UnitedHealthcare Insurance CompanyAccident, Critical Illness244$47K$3K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision788$38K$3K
Community Health NetworkMedical Clinic641——

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 641 participants × $2,371 national average per member. Usually higher once dependents are counted.

$40K–$97K/ year

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

Brands with a generic available$12K–$29K
Lower-cost therapeutic alternatives$17K–$35K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$11K
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
University of Indianapolis
Sponsor EIN
35-0868107
Plan numbers
510, 508
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 35-0868107 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
University of Indianapolis Defined Contribution Retirement Plan
Type
Defined contribution plan
Participants
2,243

About this data

Source: University of Indianapolis'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 University of Indianapolis.

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