Form 5500 · Employee benefit plan · PHILADELPHIA, PA
DREXEL UNIVERSITY
The filing calls this plan DREXEL UNIVERSITY HEALTH AND WELFARE PLAN.
DREXEL UNIVERSITY of PHILADELPHIA, PA is a 4,606-participant education employer — a large group whose insured benefits are disclosed on Schedule A of its Form 5500. Its broker of record is EMPOWER BENEFITS, INC.. Coverage is written through CIGNA HEALTH AND LIFE INSURANCE COMPANY and 17 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 23-1352630 · plan 519 · plan year 2024, filed Oct 14, 2025
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2,778 other employer plans in Pennsylvania have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Funding not settled by the filing
The filing does not report enough to settle how this plan pays for benefits.
Benefits declared on this filing
Also declared: prepaid legal, severance, death benefits.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 22 insured contracts covering health, dental, vision, life and disability; the largest, with CIGNA HEALTH AND LIFE INSURANCE COMPANY, covers 7,035 people.
Reported premium across the insured contracts is $5,906,918, with $66,538 in disclosed broker commissions — about 1.1% of premium.
The health contract's policy period ended in December, while at least one ancillary line's policy period ended in June. The plan is on a split renewal cycle.
EMPOWER BENEFITS, INC. is the broker of record on 4 of the 22 contracts; the rest name a different broker or none.
18 carriers appear on the filing, including CIGNA HEALTH AND LIFE INSURANCE COMPANY, THE LINCOLN NATIONAL LIFE INSURANCE COMPANY, INDEPENDENCE BLUE CROSS (DAVIS VISION) and HEALTH ADVOCATE SOLUTIONS, INC.. CIGNA HEALTH AND LIFE INSURANCE COMPANY writes the largest contract by premium.
Schedule A insurance contracts
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Other plans filed by this employer
How this plan compares
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Renewal calendar
2,778 other employer plans in Pennsylvania are January 1 renewals (policy year ends December).
Their policy years end in December, like this plan’s, so most renew January 1. The calendar lists every insured group by renewal date and state, with broker of record, carrier and disclosed commission. You can preview the five largest in each month for free.
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