The Talbots, Inc.

Hingham, MA RetailNAICS 448120

Self-funded health planPlan year 2024Renews January
6,433ParticipantsFirst year on file
$15.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 20Retail in MABy participants

Overview

The Talbots, Inc. sponsors a self-funded health plan that covered 6,433 participants in plan year 2024. 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
6,433
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
The Talbots, Inc. Welfare Benefits Plan, plan 501 (6,433 participants)
Broker compensation
$85K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Accidental Death and Dismemberment, Long-term disability, Short-term disability1,968$1.0M$84K
Vision Service PlanVision1,217$143K—
National Union Fire Insurance Company of Pittsburgh, PABusiness Travel Accident6,169$7K$1K

Pharmacy benefit estimate

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

$15.3M/ year

Estimated prescription spend: 6,433 participants × $2,371 national average per member. Usually higher once dependents are counted.

$397K–$978K/ year

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

Brands with a generic available$116K–$290K
Lower-cost therapeutic alternatives$169K–$354K
Generic pricing vs. actual cost$73K–$220K
PBM contract terms$38K–$114K
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 2024
Plan sponsor
The Talbots, Inc.
Sponsor EIN
41-1111318
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 41-1111318 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Talbots Retirement Savings 401(k) Plan
Type
401(k) plan
Participants
6,157

About this data

Source: The Talbots, Inc.'s Form 5500 filing for plan year 2024 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 The Talbots, Inc..

Request a correction · Methodology