Raising Cane's USA, LLC

Plano, TX HospitalityNAICS 722513

Self-funded health planPlan year 2025Renews January
9,265Participants0% vs. prior year
$22.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 60Hospitality in TXBy participants

Overview

Raising Cane's USA, LLC sponsors a self-funded health plan that covered 9,265 participants in plan year 2025, about the same as the prior year. The plan year starts in January. 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
9,265 · prior year 9,265
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Raising Cane's USA Health and Welfare Benefits Wrap Plan, plan 502 (9,265 participants)
Broker compensation
$143K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Unum Life Insurance Company of AmericaShort-term disability, Long-term disability, Life7,698$3.0M$71K
Delta Dental Insurance CompanyDental8,242$2.4M—
UnitedHealthcare Insurance CompanyAccident, Critical Illness, Hospital Ind2,999$977K$44K
Fidelity Security Life Insurance CompanyVision7,072$462K—
Curalinc LLCEmployee Assistance Program53,270$256K—
Arag Services, LLCLegal1,370$169K$27K

Pharmacy benefit estimate

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

$22.0M/ year

Estimated prescription spend: 9,265 participants × $2,371 national average per member. Usually higher once dependents are counted.

$571K–$1.4M/ year

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

Brands with a generic available$167K–$417K
Lower-cost therapeutic alternatives$244K–$510K
Generic pricing vs. actual cost$105K–$316K
PBM contract terms$55K–$165K
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
Raising Cane's USA, LLC
Sponsor EIN
72-1464965
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 72-1464965 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Raising Cane's Retirement Savings Plan
Type
401(k) plan
Participants
28,298

About this data

Source: Raising Cane's USA, LLC'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 Raising Cane's USA, LLC.

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