Wake Forest University
Overview
Wake Forest University sponsors a self-funded health plan that covered 2,665 participants in plan year 2025, up 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, prepaid legal, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 2,665 · prior year 2,586
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Wake Forest University Health and Welfare Benefit Plan, plan 501 (2,665 participants); Wake Forest University Retiree Welfare Benefit Program, plan 516 (567 participants)
- Broker compensation
- $45K 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Dental, Vision | 5,117 | $2.4M | $4K |
| Life Insurance Company of North America | Life, Long-term disability | 2,665 | $1.2M | $18K |
| Genworth Life Insurance Company | Long Term Care | 126 | $253K | $19K |
| John Hancock Life Insurance Company USA | Long Term Care | 114 | $221K | — |
| Arag Insurance Company | Legal | 910 | $115K | — |
| Provident Life and Accident Insurance Company | Life | 61 | $38K | $3K |
| Federal Insurance Company | Business Travel Accident | 2,665 | $4K | $1K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 2,665 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
- Wake Forest University
- Sponsor EIN
- 56-0532138
- Plan numbers
- 501, 516
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 56-0532138 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Wake Forest University Retirement Plan
- Type
- Defined contribution plan
- Participants
- 5,655
About this data
Source: Wake Forest University'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 Wake Forest University.