MSG Sports, LLC

New York, NY Arts & recreationNAICS 713900

Self-funded health planPlan year 2025Renews January
734Participants-15% vs. prior year
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#6 of 8Arts & recreation in NYBy participants

Overview

MSG Sports, LLC sponsors a self-funded health plan that covered 734 participants in plan year 2025, down 15% 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
734 · prior year 862
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
MSG Sports, LLC Benefits Program, plan 512 (734 participants)
Broker compensation
$32K 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
Sun Life and Health Insurance CompanyLife, Long-term disability458$322K$17K
Vision Service PlanVision896$140K—
New York Life Group Insurance Company of New YorkAccidental Death and Dismemberment458$124K—
Hartford Fire Insurance CompanyBusiness Travel Accident458$54K$8K
MetLife Legal PlansLegal118$24K$6K
Aetna Life Insurance CompanyDental396$16K—

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 734 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$112K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
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
MSG Sports, LLC
Sponsor EIN
38-3972560
Plan number
512
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-3972560 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: MSG Sports, 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 MSG Sports, LLC.

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