Noodles & Company

Broomfield, CO HospitalityNAICS 722511

Self-funded health planPlan year 2024Renews July
901ParticipantsFirst year on file
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#7 of 8Hospitality in COBy participants

Overview

Noodles & Company sponsors a self-funded health plan that covered 901 participants in plan year 2024. The plan year starts in July. 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
901
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Noodles & Company Health and Welfare Plan, plan 501 (901 participants)
Broker compensation
$33K 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
Reliastar Life Insurance CompanyLife, Long-term disability975$202K$6K
Unum Life Insurance Company of AmericaAccident, Hospital489$69K$11K
Metropolitan Life Insurance CompanyLife42$57K$4K
Unum Insurance CompanyCritical Illness135$49K$12K
Telus Health (US) Ltd.Employee Assistance Program7,450$23K—

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 901 participants × $2,371 national average per member. Usually higher once dependents are counted.

$56K–$137K/ year

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

Brands with a generic available$16K–$41K
Lower-cost therapeutic alternatives$24K–$50K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Noodles & Company
Sponsor EIN
84-1303469
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 84-1303469 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Noodles & Company 401(k) Plan
Type
401(k) plan
Participants
4,284

About this data

Source: Noodles & Company's Form 5500 filing for plan year 2024 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 Noodles & Company.

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