Virtusa Corporation
Overview
Virtusa Corporation sponsors a self-funded health plan that covered 2,236 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
- 2,236
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Virtusa Corp. US Employees Welfare Benefits Plan, plan 503 (2,236 participants)
- Stop-loss carrier
- BCS Insurance Company
- Broker compensation
- $319K 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 |
|---|---|---|---|---|
| BCS Insurance Company | Stop-loss | 2,101 | $2.1M | $107K |
| Cigna Health and Life Insurance Company | Hospital Indemnity, Dental, Vision, Accident, Critical Illness | 5,716 | $2.0M | $110K |
| New York Life (life Insurance Company of North America) | Long-term disability, Life, Accidental Death and Dismemberment | 2,236 | $874K | $66K |
| Kaiser Foundation Health Plan Inc. | Medical, Prescription drug, HMO | 120 | $777K | $24K |
| Eyemed Vision Care (fidelity Security Life Ins Co) | Vision | 1,734 | $251K | — |
| MetLife Legal Plans, Inc. | Legal | 372 | $90K | $9K |
| Federal Insurance Company | Business Travel Accident | 2,236 | $12K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,236 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 2024
- Plan sponsor
- Virtusa Corporation
- Sponsor EIN
- 04-3512883
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 04-3512883 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Virtusa Corporation 401(k) Plan
- Type
- 401(k) plan
- Participants
- 4,575
About this data
Source: Virtusa Corporation'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 Virtusa Corporation.