Fogo de Chao, Inc.

Plano, TX HospitalityNAICS 722511

Self-funded health planPlan year 2024Renews October
1,199ParticipantsFirst year on file
$2.8MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#19 of 60Hospitality in TXBy participants

Overview

Fogo de Chao, Inc. sponsors a self-funded health plan that covered 1,199 participants in plan year 2024. The plan year starts in October. 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
1,199
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Fogo de Chao, Inc. Benefit Plan, plan 501 (1,199 participants)
Stop-loss carrier
Berkshire Hathaway Specialty Insurance
Broker compensation
$152K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Rxbenefits, Inc.Prescription drug1,208$906K—
Starmount Life Insurance CompanyDental, Vision1,311$799K$17K
Unum Life Insurance Company of AmericaLife, Short-term disability, Long-term disability1,199$451K$80K
Reliance Standard Life Insurance CompanyVOL. Accident, VOL. Hospital Indemnity, VOL. Critical Illness550$245K$50K
First Unum Life Insurance CompanyLong-term disability530$102K$3K
Arag Services, LLCLegal136$15K$1K

Pharmacy benefit estimate

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

$2.8M/ year

Estimated prescription spend: 1,199 participants × $2,371 national average per member. Usually higher once dependents are counted.

$74K–$182K/ year

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

Brands with a generic available$22K–$54K
Lower-cost therapeutic alternatives$32K–$66K
Generic pricing vs. actual cost$14K–$41K
PBM contract terms$7K–$21K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Fogo de Chao, Inc.
Sponsor EIN
37-1696581
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 37-1696581 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fogo de Chao 401(k) Retirement Plan
Type
401(k) plan
Participants
2,942

About this data

Source: Fogo de Chao, Inc.'s Form 5500 filing for plan year 2024 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 Fogo de Chao, Inc..

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