2024 Summary Annual Report

SUMMARY ANNUAL REPORT For Group Insurance Plan for Employees of Depauw University This is a summary of the annual report of the Group Insurance Plan for Employees of Depauw University, EIN 35-0869045, Plan No. 502, for period 01/01/2024 through 12/31/2024. The annual report has been filed with the Employee Benefits Security Administration, U.S. Department of Labor, as required under the Employee Retirement Income Security Act of 1974 (ERISA). Depauw University has committed itself to pay certain self-insured Medical claims incurred under the terms of the plan. Insurance Information The plan has contracts with Sun Life Assurance Company of Canada, Anthem Insurance Companies, Inc., and Delta Dental of Indiana to pay Dental, Vision, Life Insurance, Long-term Disability, and Accidental Death and Dismemberment claims incurred under the terms of the plan. The total premiums paid for the plan year ending 12/31/2024 were $536,706. Because they are so called "experience-rated" contracts, the premium costs are affected by, among other things, the number and size of claims. Of the total insurance premiums paid for the plan year ending 12/31/2024, the premiums paid under such "experience-rated" contracts were $379,259 and the total of all benefit claims paid under these contracts during the plan year was $432,225. Your Rights To Additional Information You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are included in that report: insurance information, including sales commissions paid by insurance carriers; To obtain a copy of the full annual report, or any part thereof, write or call the office of Depauw University at 313 South Locust Street, Greencastle, IN, 46135 or by telephone at 765-658-4161. You also have the legally protected right to examine the annual report at the main office of the plan (Depauw University, 313 South Locust Street, Greencastle, IN, 46135) and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S.