Hibbett, Inc.

Birmingham, AL RetailNAICS 451110

Self-funded health planPlan year 2025Renews January
1,509Participants-6% vs. prior year
$3.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 5Retail in ALBy participants

Overview

Hibbett, Inc. sponsors a self-funded health plan that covered 1,509 participants in plan year 2025, down 6% from 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
1,509 · prior year 1,599
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Hibbett, Inc. Self-Insured Employee Benefit Plan & Trust, plan 501 (1,509 participants)
Broker compensation
$311K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Symetra Life Insurance CompanyLife, Short-term disability, Long-term disability762$2.7M$276K
Delta Dental Insurance CompanyDental930$256K$13K
Vision Service PlanVision1,349$207K$22K

Pharmacy benefit estimate

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

$3.6M/ year

Estimated prescription spend: 1,509 participants × $2,371 national average per member. Usually higher once dependents are counted.

$93K–$229K/ year

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

Brands with a generic available$27K–$68K
Lower-cost therapeutic alternatives$40K–$83K
Generic pricing vs. actual cost$17K–$52K
PBM contract terms$9K–$27K
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
Hibbett, Inc.
Sponsor EIN
20-8159608
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-8159608 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Hibbett, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
24,890

About this data

Source: Hibbett, 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 Hibbett, Inc..

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