Belk Inc.

Charlotte, NC RetailNAICS 452200

Self-funded health planPlan year 2025Renews January
702Participants-3% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#22 of 25Retail in NCBy participants

Overview

Belk Inc. sponsors a self-funded health plan that covered 702 participants in plan year 2025, down 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports dental, vision, short-term disability, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
702 · prior year 721
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Belk Texas Injury Benefit Plan, plan 517 (702 participants)
MedicalDentalVisionShort-term disabilityDeath benefitsOther welfare benefits

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 702 participants × $2,371 national average per member. Usually higher once dependents are counted.

$43K–$107K/ year

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

Brands with a generic available$13K–$32K
Lower-cost therapeutic alternatives$18K–$39K
Generic pricing vs. actual cost$8K–$24K
PBM contract terms$4K–$12K
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
Belk Inc.
Sponsor EIN
56-2058574
Plan number
517
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-2058574 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Belk Inc.'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 Belk Inc..

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