Convatec, Inc.

Berkeley Heights, NJ ManufacturingNAICS 339110

Self-funded health planPlan year 2025Renews January
1,383Participants-7% vs. prior year
$3.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#41 of 76Manufacturing in NJBy participants

Overview

Convatec, Inc. sponsors a self-funded health plan that covered 1,383 participants in plan year 2025, down 7% 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
1,383 · prior year 1,482
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Convatec, Inc. Health & Welfare Plan, plan 501 (1,383 participants)
Broker compensation
$53K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath 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 disability1,365$905K$34K
Fidelity Security Life Insurance CompanyVision2,062$196K$20K

Pharmacy benefit estimate

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

$3.3M/ year

Estimated prescription spend: 1,383 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
Convatec, Inc.
Sponsor EIN
26-2734330
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-2734330 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Convatec Inc. Savings and Investment Plan
Type
401(k) plan
Participants
2,332

About this data

Source: Convatec, 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 Convatec, Inc..

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