National Vision Inc.

Lawrenceville, GA RetailNAICS 446130

Self-funded health planPlan year 2025Renews January
4,768Participants-7% vs. prior year
$11.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 19Retail in GABy participants

Overview

National Vision Inc. sponsors a self-funded health plan that covered 4,768 participants in plan year 2025, down 7% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
4,768 · prior year 5,136
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
National Vision Inc. Healthcare Plan, plan 501 (4,768 participants)
Stop-loss carrier
Aetna Life Insurance Company; Symetra Life Insurance Company
Broker compensation
$516K across insured contracts
MedicalLife insuranceDentalShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Aetna Life Insurance CompanyStop-loss1,294$10.8M—
United of Omaha Life Insurance CompanyLife, Long-term disability, Short-term disability8,602$4.0M$417K
Symetra Life Insurance CompanyStop-loss4,216$2.6M$88K
Prepaid Legal Services Inc. DBA Legal ShieldLegal Services Plan Memberships697$87K$11K
Delta Dental Insurance CompanyDental7,581——

Pharmacy benefit estimate

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

$11.3M/ year

Estimated prescription spend: 4,768 participants × $2,371 national average per member. Usually higher once dependents are counted.

$294K–$725K/ year

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

Brands with a generic available$86K–$215K
Lower-cost therapeutic alternatives$125K–$262K
Generic pricing vs. actual cost$54K–$163K
PBM contract terms$28K–$85K
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
National Vision Inc.
Sponsor EIN
58-1910859
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 58-1910859 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
National Vision, Inc. 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
16,003

About this data

Source: National Vision 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 National Vision Inc..

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