Ollie's Bargain Outlet, Inc.
Overview
Ollie's Bargain Outlet, Inc. sponsors a self-funded health plan that covered 5,407 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
- 5,407
- Plan year
- Begins July 1 · next renewal July 2027
- Health plans filed
- Ollies Bargain Outlet, Inc. Flexible Benefit Plan, plan 520 (5,407 participants)
- Stop-loss carrier
- Berkshire Hathaway Specialty Insurance Company
- Broker compensation
- $878K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life, Short-term disability, Long-term disability, Hospital Indemnity, Accident, Critical Illness | 6,291 | $2.3M | $771K |
| United Concordia Insurance Company | Dental | 3,736 | $768K | — |
| Trustmark Insurance Company | Life, Short-term disability | 476 | $294K | $96K |
| Capital Advantage Assurance Company | Vision | 3,313 | $276K | — |
| MetLife Legal Plans | Legal | 332 | $55K | $11K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 5,407 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Ollie's Bargain Outlet, Inc.
- Sponsor EIN
- 25-1589489
- Plan number
- 520
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 25-1589489 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Ollie's Bargain Outlet, Inc. 401(k) Retirement Plan
- Type
- 401(k) plan
- Participants
- 7,660
About this data
Source: Ollie's Bargain Outlet, Inc.'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 Ollie's Bargain Outlet, Inc..