Indeed, Inc.

Austin, TX Business servicesNAICS 561300

Self-funded health planPlan year 2025Renews January
1,363ParticipantsFirst year on file
$3.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#10 of 23Business services in TXBy participants

Overview

Indeed, Inc. sponsors a self-funded health plan that covered 1,363 participants in plan year 2025. 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
1,363
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Indeed, Inc. Flexible Spending Account Plan, plan 505 (1,363 participants)
Broker compensation
$382K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Lincoln National Life Insurance CompanyLong-term disability, Life5,986$2.8M$327K
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, HMO250$2.0M—
Vision Service PlanVision5,725$1.0M$8K
MetLife Legal PlansLegal1,467$394K$47K
Kaiser Foundation Health Plan of WashingtonMedical, Prescription drug, HMO41$246K—
Broadspire Services, Inc.Short-term disability5,823——
Curalinc HealthcareEmployee Assistance Program5,823——

Pharmacy benefit estimate

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

$3.2M/ year

Estimated prescription spend: 1,363 participants × $2,371 national average per member. Usually higher once dependents are counted.

$84K–$207K/ year

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

Brands with a generic available$25K–$61K
Lower-cost therapeutic alternatives$36K–$75K
Generic pricing vs. actual cost$16K–$47K
PBM contract terms$8K–$24K
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
Indeed, Inc.
Sponsor EIN
26-0129478
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-0129478 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Indeed, Inc. 401(k) Profit-Sharing Plan Trust
Type
401(k) plan
Participants
12,554

About this data

Source: Indeed, 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 Indeed, Inc..

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