Amgen Inc.

Thousand Oaks, CA ManufacturingNAICS 325410

Self-funded health planPlan year 2025Renews January
19,411Participants+16% vs. prior year
$46.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 61Manufacturing in CABy participants

Overview

Amgen Inc. sponsors a self-funded health plan that covered 19,411 participants in plan year 2025, up 16% 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
19,411 · prior year 16,702
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Amgen Inc. Retiree Medical Savings Account Plan, plan 518 (19,411 participants)
Broker compensation
$1.4M 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
Delta Dental of CaliforniaDental33,846$17.2M—
UnitedHealthcare of CaliforniaMedical, Prescription drug, Vision, HMO574$8.3M—
Life Insurance Company of North AmericaLife, Accidental Death and Dismemberment15,371$6.4M$438K
Reliance Standard Life Insurance CompanyLong-term disability, Short-term disability14,793$4.3M$257K
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, HMO303$2.6M—
Prudential Insurance Company of AmericaLong-term disability15,327$2.6M$450K
Vision Service PlanVision12,535$2.3M—
Cigna Health and Life Insurance CompanyMedical, Dental55$1.5M$105K
MetLife Legal PlansLegal4,109$1.2M$136K
Hawaii Medical Service AssociationMedical, Prescription drug, Dental, Vision, PPO53$260K—

Pharmacy benefit estimate

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

$46.0M/ year

Estimated prescription spend: 19,411 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.2M–$3.0M/ year

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

Brands with a generic available$350K–$874K
Lower-cost therapeutic alternatives$511K–$1.1M
Generic pricing vs. actual cost$221K–$663K
PBM contract terms$115K–$345K
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
Amgen Inc.
Sponsor EIN
95-3540776
Plan number
518
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 95-3540776 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Amgen Retirement and Savings Plan
Type
401(k) plan
Participants
23,380

About this data

Source: Amgen 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 Amgen Inc..

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