Bristol-Myers Squibb Company

Princeton, NJ ManufacturingNAICS 325410

Self-funded health planPlan year 2025Renews January
17,331Participants-12% vs. prior year
$41.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 76Manufacturing in NJBy participants

Overview

Bristol-Myers Squibb Company sponsors a self-funded health plan that covered 17,331 participants in plan year 2025, down 12% 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
17,331 · prior year 19,725
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Bristol-Myers Squibb Company Flexible Benefits Plan, plan 525 (17,331 participants)
Broker compensation
$2.7M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath 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, Long-term disability, Short-term disability29,572$26.1M$1.7M
Metropolitan Life Insurance CompanyMedical, Dental, HMO37,463$25.3M$911K
Eyemed Vision CareVision31,769$3.4M—
Universal Life Insurance CompanyLong-term disability828$360K$72K
National Union Fire Ins. Co. of Pittsburgh, PAAccidental Death & Dismemberment18,999$176K$26K
Multinational Life Insurance CompanyShort-term disability393$83K$17K
Safeguard Health Plans, Inc., a California CorporationDental, HMO166$36K$2K
Safeguard Health Plans, Inc., a Florida CorporationDental, HMO107$23K$451
Safeguard Health Plans, Inc., a Texas CorporationDental, HMO37$7K$135

Pharmacy benefit estimate

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

$41.1M/ year

Estimated prescription spend: 17,331 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.1M–$2.6M/ year

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

Brands with a generic available$312K–$781K
Lower-cost therapeutic alternatives$456K–$953K
Generic pricing vs. actual cost$197K–$592K
PBM contract terms$103K–$308K
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
Bristol-Myers Squibb Company
Sponsor EIN
22-0790350
Plan number
525
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-0790350 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Bristol-Myers Squibb Company Savings and Investment Program
Type
401(k) plan
Participants
34,900

About this data

Source: Bristol-Myers Squibb 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 Bristol-Myers Squibb Company.

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