Hanesbrands, Inc.

Winston Salem, NC Wholesale tradeNAICS 424300

Self-funded health planPlan year 2025Renews January
2,193ParticipantsPrior year not comparable
$5.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 22Wholesale trade in NCBy participants

Overview

Hanesbrands, Inc. sponsors a self-funded health plan that covered 2,193 participants in plan year 2025. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,193 · prior year 5,069
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hanesbrands Inc. Employee Health Benefit Plan, plan 551 (2,193 participants)
Stop-loss carrier
Cigna Health and Life Insurance Company
Broker compensation
$177K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance CompanyMedical, Hospital Care, Accidental Injury, Voluntary Critical Illness, Stop-loss1,417$1.1M$104K
Lincoln Financial GroupLife2,020$911K$47K
Lincoln National Life Insurance CompanyLong-term disability628$397K$23K
Vision Service PlanVision1,171$148K—
Delta Dental of IllinoisDental1,588$55K—
Life Insurance Company of North AmericaBusiness Travel Accident1,672$13K$3K

Pharmacy benefit estimate

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

$5.2M/ year

Estimated prescription spend: 2,193 participants × $2,371 national average per member. Usually higher once dependents are counted.

$135K–$333K/ year

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

Brands with a generic available$40K–$99K
Lower-cost therapeutic alternatives$58K–$121K
Generic pricing vs. actual cost$25K–$75K
PBM contract terms$13K–$39K
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
Hanesbrands, Inc.
Sponsor EIN
20-3552316
Plan number
551
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-3552316 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hanesbrands LLC Retirement Savings Plan
Type
401(k) plan
Participants
7,819

About this data

Source: Hanesbrands, 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 Hanesbrands, Inc..

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