Hibar Hospitality Operations

Austin, TX HospitalityNAICS 722511

Self-funded health planPlan year 2025Renews January
1,547Participants+2% vs. prior year
$3.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#13 of 60Hospitality in TXBy participants

Overview

Hibar Hospitality Operations sponsors a self-funded health plan that covered 1,547 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
1,547 · prior year 1,524
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hopdoddy Burger Bar, Inc. Group Benefits Plan, plan 502 (1,547 participants)
Broker compensation
$452 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
Life Insurance Company of North AmericaLife, Long-term disability, Short-term disability, Voluntary AD&D119$70K$452
United Behavioral Health DBA OptumEAP1,547$8K—

Pharmacy benefit estimate

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

$3.7M/ year

Estimated prescription spend: 1,547 participants × $2,371 national average per member. Usually higher once dependents are counted.

$95K–$235K/ year

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

Brands with a generic available$28K–$70K
Lower-cost therapeutic alternatives$41K–$85K
Generic pricing vs. actual cost$18K–$53K
PBM contract terms$9K–$28K
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
Hibar Hospitality Operations
Sponsor EIN
87-3792991
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 87-3792991 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Hibar Hospitality Operations'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 Hibar Hospitality Operations.

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