Underdog Sports Holdings, Inc.

Brooklyn, NY Arts & recreationNAICS 713900

Self-funded health planPlan year 2025Renews January
513Participants+25% vs. prior year
$1.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 8Arts & recreation in NYBy participants

Overview

Underdog Sports Holdings, Inc. sponsors a self-funded health plan that covered 513 participants in plan year 2025, up 25% 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
513 · prior year 411
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Underdog Sports Holdings, Inc. Health and Welfare Plan, plan 501 (513 participants)
Broker compensation
$16K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance Company and AffiliatesDental, Vision, PPO476$425K—
Lincoln Life & Annuity Company of New YorkLife, Short-term disability, Long-term disability513$245K$14K
Pre-Paid Legal Services Inc. DBA LegalshieldLegal38$8K$2K

Pharmacy benefit estimate

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

$1.2M/ year

Estimated prescription spend: 513 participants × $2,371 national average per member. Usually higher once dependents are counted.

$32K–$78K/ year

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

Brands with a generic available$9K–$23K
Lower-cost therapeutic alternatives$14K–$28K
Generic pricing vs. actual cost$6K–$18K
PBM contract terms$3K–$9K
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
Underdog Sports Holdings, Inc.
Sponsor EIN
87-4798581
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 87-4798581 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Underdog Sports Holdings Inc. 401k Plan
Type
401(k) plan
Participants
595

About this data

Source: Underdog Sports 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 Underdog Sports Holdings, Inc..

Request a correction · Methodology