Velocity Clinical Research Inc.
Overview
Velocity Clinical Research Inc. sponsors a self-funded health plan that covered 1,454 participants in plan year 2025, down 8% 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
- 1,454 · prior year 1,577
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Velocity Clinical Research, Inc. Employee Benefit Plan, plan 501 (1,454 participants)
- Stop-loss carrier
- Cigna Health and Life Insurance Company and Affiliates
- Broker compensation
- $186K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Unum Life Insurance Company of America | Life, Short-term disability, Long-term disability | 830 | $1.4M | $115K |
| Cigna Health and Life Insurance Company and Affiliates | Stop-loss | 609 | $614K | — |
| Delta Dental of North Carolina | Dental | 1,256 | $492K | $50K |
| Kaiser Foundation Health Plan Inc. | Medical, HMO | 30 | $282K | $20K |
| Unum Insurance Company | Specific Disease, Accident, Hospital | 185 | $115K | $11K |
| First Unum Life Insurance Company | Short-term disability | 26 | $2K | $835 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,454 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Velocity Clinical Research Inc.
- Sponsor EIN
- 82-3171064
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 82-3171064 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Velocity Clinical Research 401(k) Plan
- Type
- 401(k) plan
- Participants
- 1,393
About this data
Source: Velocity Clinical Research Inc.'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 Velocity Clinical Research Inc..