Form 5500 · Employee benefit plan · PHILADELPHIA, PA
DREXEL UNIVERSITY
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 · as of Aug 2026
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 renews 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 — CIGNA HEALTH AND LIFE INSURANCE COMPANY, LINCOLN NATIONAL LIFE INSURANCE COMPANY, INDEPENDENCE BLUE CROSS (DAVIS VISION) and HEALTH ADVOCATE SOLUTIONS, INC. among them — with CIGNA HEALTH AND LIFE INSURANCE COMPANY writing the largest contract by premium.
Schedule A insurance contracts
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