Widener University

Chester, PA EducationNAICS 611000

Self-funded health planPlan year 2025Renews July
718Participants-23% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#13 of 21Education in PABy participants

Overview

Widener University sponsors a self-funded health plan that covered 718 participants in plan year 2025, down 23% from the prior year. 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
718 · prior year 934
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Widener University Group Medical Plan, plan 515 (718 participants); Widener University Faculty/administration Flexible Spending Plan, plan 516 (135 participants)
Broker compensation
$39K 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
Metropolitan Life Insurance CompanyDental, Accident1,393$692K$32K
Lincoln National Life Insurance CompanyLong-term disability, Life819$119K$7K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 718 participants × $2,371 national average per member. Usually higher once dependents are counted.

$44K–$109K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$19K–$39K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Widener University
Sponsor EIN
23-1386178
Plan numbers
515, 516
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-1386178 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Widener University Defined Contribution Retirement Plan
Type
Defined contribution plan
Participants
2,341

About this data

Source: Widener 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 Widener University.

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