Advance Stores Company, Incorporated

Roanoke, VA RetailNAICS 441300

Self-funded health planPlan year 2025Renews January
1,562Participants-32% vs. prior year
$3.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 12Retail in VABy participants

Overview

Advance Stores Company, Incorporated sponsors a self-funded health plan that covered 1,562 participants in plan year 2025, down 32% 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
1,562 · prior year 2,287
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Advance Auto Parts Texas Injury Benefit Plan, plan 516 (1,562 participants); Advance Auto Parts Retiree Benefits Plan, plan 512 (135 participants)
Broker compensation
$470K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-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 CompanyLife, Short-term disability, Long-term disability31,729$20.4M$137K
Delta Dental of VirginiaDental23,711$16.1M—
Continental American Insurance CompanyMedical9,116$3.1M$161K
Triple S Salud, Inc.Medical, Prescription drug, Dental, Vision, PPO298$2.5M$124K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision22,657$2.0M$-7K
Healthkeepers, Inc.Employee Assistance Program51,603$927K—
Medica Insurance CompanyMedical25$399K$345
Metropolitan General Insurance CompanyLegal1,621$334K$42K
Ace American Insurance CompanyAccidental Death and Dismemberment51,603$55K$11K

Pharmacy benefit estimate

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

$3.7M/ year

Estimated prescription spend: 1,562 participants × $2,371 national average per member. Usually higher once dependents are counted.

$96K–$237K/ year

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

Brands with a generic available$28K–$70K
Lower-cost therapeutic alternatives$41K–$86K
Generic pricing vs. actual cost$18K–$53K
PBM contract terms$9K–$28K
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
Advance Stores Company, Incorporated
Sponsor EIN
54-0118110
Plan numbers
516, 512
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-0118110 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Advance Auto Parts, Inc. 401(k) Plan
Type
401(k) plan
Participants
70,657

About this data

Source: Advance Stores Company, Incorporated'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 Advance Stores Company, Incorporated.

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