Wayne State University Physician Group

Detroit, MI Health careNAICS 621399

Self-funded health planPlan year 2025Renews January
591Participants-4% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#26 of 27Health care in MIBy participants

Overview

Wayne State University Physician Group sponsors a self-funded health plan that covered 591 participants in plan year 2025, down 4% 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
591 · prior year 618
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Wayne State University Physician Group Welfare Benefits Plan, plan 506 (591 participants)
Broker compensation
$162K 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
Unum Life Insurance Company of AmericaAccident, Critical Illness, Hospital, Life, Short-term disability, Long-term disability557$1.1M$135K
Delta Dental of MichiganDental523$226K$7K
Starmount Life Insurance CompanyVision304$41K$6K
Provident Life and Accident Insurance CompanyLife151$34K$14K
Ulliance, Inc.Employee Assistance Program564$14K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 591 participants × $2,371 national average per member. Usually higher once dependents are counted.

$36K–$90K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
Generic pricing vs. actual cost$7K–$20K
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
Wayne State University Physician Group
Sponsor EIN
38-3474766
Plan number
506
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-3474766 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
University Physician Group 403b Retirement Plan
Type
Defined contribution plan
Participants
1,118

About this data

Source: Wayne State University Physician Group'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 Wayne State University Physician Group.

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