Becton, Dickinson and Company

Franklin Lakes, NJ ManufacturingNAICS 339110

Self-funded health planPlan year 2025Renews January
1,896Participants-3% vs. prior year
$4.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#30 of 76Manufacturing in NJBy participants

Overview

Becton, Dickinson and Company sponsors a self-funded health plan that covered 1,896 participants in plan year 2025, down 3% 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
1,896 · prior year 1,949
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Health Care Reimbursement Account, plan 522 (1,896 participants)
Broker compensation
$873K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyShort-term disability, Long-term disability, Life, AD&D45,712$22.9M$637K
Delta Dental of NJ, Inc.Dental40,920$17.8M—
Kaiser Foundation Health Plan Inc.Medical, HMO983$8.5M$87K
Aetna Life Insurance Co.Vision36,528$2.8M$28K
MetLife Legal PlansLegal3,799$917K$110K
Blue Cross Blue Shield of Rhode IslandMedical125$336K—
Aetna Life Insurance CompanyMedical, Dental, Vision99$115K$6K
Delta Dental of New Jersey, Inc.Dental30$17K—

Pharmacy benefit estimate

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

$4.5M/ year

Estimated prescription spend: 1,896 participants × $2,371 national average per member. Usually higher once dependents are counted.

$117K–$288K/ year

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

Brands with a generic available$34K–$85K
Lower-cost therapeutic alternatives$50K–$104K
Generic pricing vs. actual cost$22K–$65K
PBM contract terms$11K–$34K
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
Becton, Dickinson and Company
Sponsor EIN
22-0760120
Plan number
522
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-0760120 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
BD 401(k) Plan
Type
401(k) plan
Participants
31,746

About this data

Source: Becton, Dickinson and Company'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 Becton, Dickinson and Company.

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