Alvogen Group, Inc.

Morristown, NJ ManufacturingNAICS 325410

Self-funded health planPlan year 2025Renews January
576Participants+2% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#71 of 76Manufacturing in NJBy participants

Overview

Alvogen Group, Inc. sponsors a self-funded health plan that covered 576 participants in plan year 2025, about the same as 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
576 · prior year 565
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Alvogen Group, Inc. Health & Welfare Plan, plan 501 (576 participants)
Broker compensation
$55K 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
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability518$476K$52K
Vision Service PlanVision357$59K$2K
Employee Network, Inc.EAP518$13K—
National Union Fire Ins. Co. of Pittsburgh PABusiness Travel Accident529$4K$1K

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 576 participants × $2,371 national average per member. Usually higher once dependents are counted.

$36K–$88K/ year

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

Brands with a generic available$10K–$26K
Lower-cost therapeutic alternatives$15K–$32K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
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
Alvogen Group, Inc.
Sponsor EIN
26-0557685
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-0557685 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Alvogen Group Savings Incentive Plan
Type
401(k) plan
Participants
877

About this data

Source: Alvogen Group, 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 Alvogen Group, Inc..

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