Sothebys Inc.

New York, NY Professional servicesNAICS 541990

Self-funded health planPlan year 2025Renews January
609Participants-12% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#58 of 70Professional services in NYBy participants

Overview

Sothebys Inc. sponsors a self-funded health plan that covered 609 participants in plan year 2025, down 12% 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
609 · prior year 691
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Sothebys, Inc. Health and Welfare Benefit Plan, plan 501 (609 participants)
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Standard of New YorkAccident, Critical Illness, Long-term disability, Life601$476K—
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision620$34K—
Delta Dental of New YorkDental62$10K—
United Behavioral Health DBA OptumEmployee Assistance Program726$1K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 609 participants × $2,371 national average per member. Usually higher once dependents are counted.

$38K–$93K/ year

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

Brands with a generic available$11K–$27K
Lower-cost therapeutic alternatives$16K–$33K
Generic pricing vs. actual cost$7K–$21K
PBM contract terms$4K–$11K
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
Sothebys Inc.
Sponsor EIN
38-2478406
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-2478406 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Sotheby's, Inc. Retirement Savings Plan
Type
401(k) plan
Participants
1,696

About this data

Source: Sothebys 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 Sothebys Inc..

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