Bread Financial Payments, Inc.
Overview
Bread Financial Payments, Inc. sponsors a self-funded health plan that covered 4,259 participants in plan year 2025, down 14% 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
- 4,259 · prior year 4,958
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Bread Financial Payments, Inc. Master Welfare Plan Benefits, plan 501 (4,259 participants); Bread Financial Payments, Inc. Code Section 125 Plan, plan 503 (954 participants)
- Stop-loss carrier
- Unimerica Insurance Company
- Broker compensation
- $456K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Dental | 8,562 | $3.8M | — |
| Unimerica Insurance Company | Stop-loss | 4,045 | $2.4M | $165K |
| Continental American Insurance Company | Long-term disability | 4,709 | $2.1M | $39K |
| Securian Life Insurance Company | Life, AD&D, Business Travel | 4,673 | $2.1M | $48K |
| Reliastar Life Insurance Company | Accident Voluntary Employee, Critical Illness, Hospital Confinement | 3,024 | $870K | $176K |
| Vision Service Plan | Vision | 3,630 | $567K | — |
| MetLife Legal Plans | Legal | 1,028 | $243K | $28K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 4,259 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Bread Financial Payments, Inc.
- Sponsor EIN
- 13-3163498
- Plan numbers
- 501, 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 13-3163498 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Bread Financial 401(k) Plan
- Type
- 401(k) plan
- Participants
- 9,004
About this data
Source: Bread Financial Payments, 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 Bread Financial Payments, Inc..