Alpha Management Industries, Inc.

Lyndhurst, NJ ManufacturingNAICS 322200

Self-funded health planPlan year 2025Renews January
1,379Participants-37% vs. prior year
$3.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#42 of 76Manufacturing in NJBy participants

Overview

Alpha Management Industries, Inc. sponsors a self-funded health plan that covered 1,379 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
1,379 · prior year 2,176
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Alpha Management Industries Health and Welfare Plan, plan 501 (1,379 participants)
Stop-loss carrier
Berkley Life and Health Insurance Co.; Berkley Life and Health Insurance Co.
Broker compensation
$108K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Health NetMedical254$2.0M—
Berkley Life and Health Insurance Co.Stop-loss615$1.3M$79K
Delta Dental Insurance CompanyDental956$349K—
Unum Life Insurance Company of AmericaLife, Long-term disability, Short-term disability631$254K$24K
Guardian Life Insurance Company of AmericaDental, Life390$176K$2K
Vision Service PlanVision566$42K—
Arag Insurance CompanyLegal338$34K$3K

Pharmacy benefit estimate

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

$3.3M/ year

Estimated prescription spend: 1,379 participants × $2,371 national average per member. Usually higher once dependents are counted.

$85K–$210K/ year

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

Brands with a generic available$25K–$62K
Lower-cost therapeutic alternatives$36K–$76K
Generic pricing vs. actual cost$16K–$47K
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
Alpha Management Industries, Inc.
Sponsor EIN
22-3165358
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-3165358 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Alpha Industries Management, Inc. 401(k) Plan
Type
401(k) plan
Participants
951

About this data

Source: Alpha Management Industries, 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 Alpha Management Industries, Inc..

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