Servisfirst Bank

Birmingham, AL Finance & insuranceNAICS 522110

Self-funded health planPlan year 2025Renews June
652Participants+2% vs. prior year
$1.5MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#6 of 8Finance & insurance in ALBy participants

Overview

Servisfirst Bank sponsors a self-funded health plan that covered 652 participants in plan year 2025, up 2% from the prior year. The plan year starts in June. 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
652 · prior year 637
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Servisfirst Bank Health & Welfare Benefit Plan, plan 503 (652 participants); Servisfirst Bank Flexible Benefits Plan, plan 510 (260 participants)
Broker compensation
$155K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance Company of AmericaDental, Vision, Life, Short-term disability, Long-term disability652$1.2M$155K

Pharmacy benefit estimate

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

$1.5M/ year

Estimated prescription spend: 652 participants × $2,371 national average per member. Usually higher once dependents are counted.

$40K–$99K/ year

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

Brands with a generic available$12K–$29K
Lower-cost therapeutic alternatives$17K–$36K
Generic pricing vs. actual cost$7K–$22K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Servisfirst Bank
Sponsor EIN
20-2451671
Plan numbers
503, 510
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-2451671 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Servisfirst Bank 401(k) Profit Sharing Plan and Trust
Type
401(k) plan
Participants
789

About this data

Source: Servisfirst Bank'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 Servisfirst Bank.

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