First Watch Restaurants, Inc.
Overview
First Watch Restaurants, Inc. sponsors a self-funded health plan that covered 1,678 participants in plan year 2025, up 4% 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
- 1,678 · prior year 1,620
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- First Watch Restaurants Health and Welfare Plans, plan 501 (1,678 participants)
- Stop-loss carrier
- Florida Blue
- Broker compensation
- $101K 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 |
|---|---|---|---|---|
| Florida Blue | Stop-loss | 2,257 | $15.7M | — |
| Ameritas Life Insurance Corp. | Dental, Vision | 3,058 | $1.0M | $24K |
| Life Insurance Company of North America | Accidental Death and Dismemberment, Life, Long-term disability, Short-term disability | 1,678 | $779K | $70K |
| Continental American Insurance Company | Voluntary Benefits | 192 | $31K | $7K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,678 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
- First Watch Restaurants, Inc.
- Sponsor EIN
- 65-0543723
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 65-0543723 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- First Watch 401(k) Savings Plan
- Type
- 401(k) plan
- Participants
- 15,597
About this data
Source: First Watch Restaurants, 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 First Watch Restaurants, Inc..