Saks.com LLC

New York, NY RetailNAICS 454110

Self-funded health planPlan year 2025Renews January
1,616Participants+1% vs. prior year
$3.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 27Retail in NYBy participants

Overview

Saks.com LLC sponsors a self-funded health plan that covered 1,616 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
1,616 · prior year 1,593
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Saks.com LLC Health and Welfare Plan, plan 501 (1,616 participants)
Broker compensation
$59K 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
Cigna Health and Life Insurance Company and AffiliatesDental, HMO1,689$819K—
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability1,773$736K$8K
Cigna Health and Life Insurance CompanyCritical Illness, Accidental Injury, Hospital Care354$207K$48K
Vision Service PlanVision861$137K—
Metropolitan General Insurance CompanyLegal119$34K$3K

Pharmacy benefit estimate

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

$3.8M/ year

Estimated prescription spend: 1,616 participants × $2,371 national average per member. Usually higher once dependents are counted.

$100K–$246K/ year

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

Brands with a generic available$29K–$73K
Lower-cost therapeutic alternatives$43K–$89K
Generic pricing vs. actual cost$18K–$55K
PBM contract terms$10K–$29K
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
Saks.com LLC
Sponsor EIN
86-1572853
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 86-1572853 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Saks.com 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 Saks.com LLC.

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