Hendrick Automotive Group, LLC

Charlotte, NC RetailNAICS 441110

Self-funded health planPlan year 2025Renews January
10,640Participants+6% vs. prior year
$25.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 25Retail in NCBy participants

Overview

Hendrick Automotive Group, LLC sponsors a self-funded health plan that covered 10,640 participants in plan year 2025, up 6% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
10,640 · prior year 10,051
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hendrick Automotive Group Medical & Prescription D, plan 501 (10,640 participants); Hendrick Automotive Group Flexible Compensation PL, plan 503 (1,093 participants)
Stop-loss carrier
Aetna Life Insurance Company
Broker compensation
$582K across insured contracts
MedicalLife insuranceDentalVisionLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaLife, Long-term disability10,544$7.0M$507K
Kaiser Foundation Health Plan, Inc.Medical, HMO365$4.2M—
Blue Cross and Blue Shield of AlabamaMedical, Prescription drug, PPO260$2.0M—
Aetna Life Insurance CompanyStop-loss9,860$1.4M—
Vision Service PlanVision5,352$1.2M$75K

Pharmacy benefit estimate

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

$25.2M/ year

Estimated prescription spend: 10,640 participants × $2,371 national average per member. Usually higher once dependents are counted.

$656K–$1.6M/ year

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

Brands with a generic available$192K–$479K
Lower-cost therapeutic alternatives$280K–$585K
Generic pricing vs. actual cost$121K–$363K
PBM contract terms$63K–$189K
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
Hendrick Automotive Group, LLC
Sponsor EIN
56-1794980
Plan numbers
501, 503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 56-1794980 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hendrick Automotive Group 401(k) Plan
Type
401(k) plan
Participants
12,637

About this data

Source: Hendrick Automotive Group, LLC'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 Hendrick Automotive Group, LLC.

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