Wegmans Food Markets, Inc.

Rochester, NY RetailNAICS 445110

Self-funded health planPlan year 2025Renews January
68,688Participants+3% vs. prior year
$162.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 27Retail in NYBy participants

Overview

Wegmans Food Markets, Inc. sponsors a self-funded health plan that covered 68,688 participants in plan year 2025, up 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
68,688 · prior year 66,726
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Wegmans Employee Assistance Plan, plan 509 (68,688 participants); Wegmans Employee Welfare Benefits Plan, plan 501 (21,920 participants); Wegmans Food Markets Flexible Spending Account Plan for Full Time Employees, plan 510 (3,796 participants); Wegmans Food Markets Flexible Spending Account Plan for Part Time Employees, plan 505 (174 participants)
Stop-loss carrier
Excellus - Bluecross Blueshield
Broker compensation
$381K across insured contracts
MedicalLife insuranceDentalLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Excellus - Bluecross BlueshieldMedical, Prescription drug, Stop-loss19,156$8.1M—
Sun Life and Health Insurance Company (u.s.)Life, Long-term disability21,821$7.4M$370K
VSP Vision CareVision15,655$2.0M$11K

Pharmacy benefit estimate

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

$162.9M/ year

Estimated prescription spend: 68,688 participants × $2,371 national average per member. Usually higher once dependents are counted.

$4.2M–$10.4M/ year

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

Brands with a generic available$1.2M–$3.1M
Lower-cost therapeutic alternatives$1.8M–$3.8M
Generic pricing vs. actual cost$782K–$2.3M
PBM contract terms$407K–$1.2M
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
Wegmans Food Markets, Inc.
Sponsor EIN
16-1309424
Plan numbers
509, 501, 510, 505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 16-1309424 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Wegmans Retirement Plans
Type
401(k) plan
Participants
66,626

About this data

Source: Wegmans Food Markets, 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 Wegmans Food Markets, Inc..

Request a correction · Methodology