Panda Restaurant Group

Rosemead, CA HospitalityNAICS 722511

Self-funded health planPlan year 2024Renews April
9,814ParticipantsFirst year on file
$23.3MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#2 of 11Hospitality in CABy participants

Overview

Panda Restaurant Group sponsors a self-funded health plan that covered 9,814 participants in plan year 2024. The plan year starts in April. 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
9,814
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Panda Restaurant Group Flexible Benefits Plan, plan 501 (9,814 participants)
Stop-loss carrier
United Healthcare Insurance Company
Broker compensation
$655K 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
Kaiser Foundation Health Plan, Inc.Medical1,408$18.1M$477K
University Health AllianceMedical, Prescription drug, Vision728$2.5M$75K
The Guardian Life Insurance Company of AmericaLife, Short-term disability, Long-term disability6,912$2.0M$100K
United Healthcare Insurance CompanyStop-loss11,864$870K—
Vision Service PlanVision9,649$692K—
Delta Dental of CaliforniaDental13,379$200K—
Hawaii Dental ServiceDental424$131K$3K

Pharmacy benefit estimate

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

$23.3M/ year

Estimated prescription spend: 9,814 participants × $2,371 national average per member. Usually higher once dependents are counted.

$605K–$1.5M/ year

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

Brands with a generic available$177K–$442K
Lower-cost therapeutic alternatives$258K–$540K
Generic pricing vs. actual cost$112K–$335K
PBM contract terms$58K–$175K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Panda Restaurant Group
Sponsor EIN
95-4065005
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-4065005 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Panda Retirement Plan
Type
401(k) plan
Participants
59,074

About this data

Source: Panda Restaurant Group'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 Panda Restaurant Group.

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