Advansix Inc.

Parsippany, NJ ManufacturingNAICS 325200

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
1,402Participants-5% vs. prior year
$3.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#40 of 76Manufacturing in NJBy participants

Overview

Advansix Inc. sponsors a self-funded health plan that covered 1,402 participants in plan year 2025, down 5% 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
1,402 · prior year 1,471
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Advansix Inc. Health and Welfare Benefit Plan, plan 501 (1,402 participants)
Broker compensation
$52K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaAccidental Death and Dismemberment, Long-term disability, Life1,402$1.5M$52K
Vision Service PlanVision1,129$220K—
Cigna Health and Life Insurance Company and AffiliatesDental475$137K—

Pharmacy benefit estimate

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

$3.3M/ year

Estimated prescription spend: 1,402 participants × $2,371 national average per member. Usually higher once dependents are counted.

$86K–$213K/ year

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

Brands with a generic available$25K–$63K
Lower-cost therapeutic alternatives$37K–$77K
Generic pricing vs. actual cost$16K–$48K
PBM contract terms$8K–$25K
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
Advansix Inc.
Sponsor EIN
81-2525089
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 81-2525089 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Advansix Inc. Savings Plan
Type
401(k) plan
Participants
2,020

About this data

Source: Advansix 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 Advansix Inc..

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