Under Armour, Inc.

Baltimore, MD ManufacturingNAICS 315990

Self-funded health planPlan year 2025Renews January
7,811Participants-36% vs. prior year
$18.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 19Manufacturing in MDBy participants

Overview

Under Armour, Inc. sponsors a self-funded health plan that covered 7,811 participants in plan year 2025, down 37% 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
7,811 · prior year 12,305
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Under Armour, Inc. Welfare Benefits Plan, plan 501 (7,811 participants)
Broker compensation
$199K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-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, Accident, Critical Illness, Hospital Indemnity8,959$1.9M$188K
Fidelity Security Life Insurance CompanyVision4,921$332K—
CCA, Inc.Employee Assistance Program9,383$155K—
MetLife Legal PlansLegal284$64K$7K
Transamerica Life Insurance CompanyLife80$46K$3K

Pharmacy benefit estimate

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

$18.5M/ year

Estimated prescription spend: 7,811 participants × $2,371 national average per member. Usually higher once dependents are counted.

$482K–$1.2M/ year

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

Brands with a generic available$141K–$352K
Lower-cost therapeutic alternatives$206K–$430K
Generic pricing vs. actual cost$89K–$267K
PBM contract terms$46K–$139K
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
Under Armour, Inc.
Sponsor EIN
52-1990078
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 52-1990078 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Under Armour 401(k) Plan
Type
401(k) plan
Participants
14,233

About this data

Source: Under Armour, 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 Under Armour, Inc..

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