Pappas Restaurants, Inc.

Houston, TX HospitalityNAICS 722511

Self-funded health planPlan year 2025Renews March
2,607Participants-9% vs. prior year
$6.2MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#10 of 60Hospitality in TXBy participants

Overview

Pappas Restaurants, Inc. sponsors a self-funded health plan that covered 2,607 participants in plan year 2025, down 9% from the prior year. The plan year starts in March. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,607 · prior year 2,865
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
Pappas Restaurants, Inc. Welfare Benefits Plan, plan 501 (2,607 participants)
Broker compensation
$288K across insured contracts
MedicalLife insuranceDentalVisionLong-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 Assurance Company of CanadaLife, Long-term disability, Dental2,419$1.9M$271K
Vision Service PlanVision2,355$173K$17K

Pharmacy benefit estimate

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

$6.2M/ year

Estimated prescription spend: 2,607 participants × $2,371 national average per member. Usually higher once dependents are counted.

$161K–$396K/ year

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

Brands with a generic available$47K–$117K
Lower-cost therapeutic alternatives$69K–$143K
Generic pricing vs. actual cost$30K–$89K
PBM contract terms$15K–$46K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning March 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
Pappas Restaurants, Inc.
Sponsor EIN
76-0193066
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 76-0193066 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Pappas Restaurants 401(k) Plan
Type
401(k) plan
Participants
14,047

About this data

Source: Pappas Restaurants, 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 Pappas Restaurants, Inc..

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