Green Dot Corporation

Austin, TX Finance & insuranceNAICS 522298

Self-funded health planPlan year 2025Renews January
880Participants+1% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#21 of 38Finance & insurance in TXBy participants

Overview

Green Dot Corporation sponsors a self-funded health plan that covered 880 participants in plan year 2025, about the same as 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
880 · prior year 873
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Green Dot Corporation Employee Benefit Plans, plan 501 (880 participants)
Broker compensation
$126K 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
Delta Dental of CaliforniaDental702$809K$40K
Life Insurance Company of North AmericaShort-term disability, Accidental Death & Dismemberment, Life, Long-term disability1,175$623K$82K
Vision Service PlanVision718$116K$3K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 880 participants × $2,371 national average per member. Usually higher once dependents are counted.

$54K–$134K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$23K–$48K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
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
Green Dot Corporation
Sponsor EIN
95-4766827
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-4766827 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Green Dot Corporation 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
1,404

About this data

Source: Green Dot Corporation'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 Green Dot Corporation.

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