Regions Financial Corporation
Overview
Regions Financial Corporation sponsors a self-funded health plan that covered 17,851 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
- 17,851 · prior year 17,599
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Regions Financial Corporation Medical Benefit Plan, plan 507 (17,851 participants)
- Broker compensation
- $851K 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 |
|---|---|---|---|---|
| Life Insurance Company of North America | Long-term disability, Life, Voluntary Accidental Death and Dismember | 22,524 | $67.1M | $851K |
| VSP | Vision | 14,651 | $2.5M | — |
| Hartford Life and Accident | Business Travel Accidental Death & Disme | 19,851 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 17,851 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 2025
- Plan sponsor
- Regions Financial Corporation
- Sponsor EIN
- 63-0589368
- Plan number
- 507
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 63-0589368 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Regions Financial Corporation 401(k) Plan
- Type
- 401(k) plan
- Participants
- 30,298
About this data
Source: Regions Financial Corporation'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 Regions Financial Corporation.