Williams-Sonoma, Inc.

San Francisco, CA RetailNAICS 453990

Self-funded health planPlan year 2024Renews July
9,476ParticipantsFirst year on file
$22.5MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#2 of 20Retail in CABy participants

Overview

Williams-Sonoma, Inc. sponsors a self-funded health plan that covered 9,476 participants in plan year 2024. The plan year starts in July. 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
9,476
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Williams-Sonoma, Inc. Health & Welfare Plan, plan 502 (9,476 participants)
Stop-loss carrier
Symetra Life Insurance Company
Broker compensation
$22K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife, Short-term disability, Long-term disability, Medical11,125$9.7M$10K
Kaiser Foundation Health Plan, Inc.Medical1,004$8.4M—
Symetra Life Insurance CompanyStop-loss5,380$3.6M—
Kaiser Foundation Health Plan of the NorthwestMedical156$990K—
Kaiser Foundation Health Plan of Georgia, Inc.Medical64$456K—
Unum Life Insurance Company of AmericaCritical Illness, Voluntary Accident409$127K$6K
Provident Life and Accident Insurance CompanyLife274$74K$2K
National Union Fire Ins. Co. of Pittsburgh, PAAccidental Death & Dismemberment722$27K$4K

Pharmacy benefit estimate

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

$22.5M/ year

Estimated prescription spend: 9,476 participants × $2,371 national average per member. Usually higher once dependents are counted.

$584K–$1.4M/ year

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

Brands with a generic available$171K–$427K
Lower-cost therapeutic alternatives$249K–$521K
Generic pricing vs. actual cost$108K–$324K
PBM contract terms$56K–$169K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Williams-Sonoma, Inc.
Sponsor EIN
94-2203880
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 94-2203880 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Williams-Sonoma, Inc. 401(k) Plan
Type
401(k) plan
Participants
23,837

About this data

Source: Williams-Sonoma, 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 Williams-Sonoma, Inc..

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