Sally Beauty Holdings, Inc.

Denton, TX RetailNAICS 446120

Self-funded health planPlan year 2025Renews January
9,839Participants-13% vs. prior year
$23.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 64Retail in TXBy participants

Overview

Sally Beauty Holdings, Inc. sponsors a self-funded health plan that covered 9,839 participants in plan year 2025, down 13% from 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
9,839 · prior year 11,280
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Sally Beauty Holdings, Inc. Health & Welfare Plan, plan 501 (9,839 participants)
Stop-loss carrier
Blue Cross Blue Shield of Texas
Broker compensation
$425K 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
Hartford Life and AccidentLife, Long-term disability8,948$3.5M$111K
Cigna Health and Life Insurance Company and AffiiatesDental4,585$2.8M$5K
Blue Cross Blue Shield of TexasStop-loss7,479$2.4M$152K
Continental American Insurance CompanyHospital Indemnity, Accidental Insurance2,517$619K$143K
Hawaii Medical Service AssociationMedical68$507K—
Vision Service PlanVision4,840$469K—
Arag Services, LLCLegal778$96K$12K

Pharmacy benefit estimate

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

$23.3M/ year

Estimated prescription spend: 9,839 participants × $2,371 national average per member. Usually higher once dependents are counted.

$607K–$1.5M/ year

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

Brands with a generic available$177K–$443K
Lower-cost therapeutic alternatives$259K–$541K
Generic pricing vs. actual cost$112K–$336K
PBM contract terms$58K–$175K
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
Sally Beauty Holdings, Inc.
Sponsor EIN
36-2257936
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 36-2257936 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Sally Beauty Holdings 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
20,412

About this data

Source: Sally Beauty Holdings, 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 Sally Beauty Holdings, Inc..

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