Fresh Direct Holdings, Inc.

Bronx, NY Holding companiesNAICS 551112

Self-funded health planPlan year 2024Renews January
2,377ParticipantsFirst year on file
$5.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 8Holding companies in NYBy participants

Overview

Fresh Direct Holdings, Inc. sponsors a self-funded health plan that covered 2,377 participants in plan year 2024. 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
2,377
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Fresh Direct Holdings, LLC Health and Welfare Plan Medical, plan 505 (2,377 participants)
Broker compensation
$96K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeverance

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Anthem Blue CrossDental, Vision644$262K—
Transamerica Financial Life Insurance CompanyLife476$227K$33K
Hartford Life and AccidentLife, Short-term disability, Long-term disability344$209K$36K
The Guardian Life Insurance Company of AmericaAccident, Critical Illness, Hospital414$168K$27K

Pharmacy benefit estimate

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

$5.6M/ year

Estimated prescription spend: 2,377 participants × $2,371 national average per member. Usually higher once dependents are counted.

$147K–$361K/ year

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

Brands with a generic available$43K–$107K
Lower-cost therapeutic alternatives$63K–$131K
Generic pricing vs. actual cost$27K–$81K
PBM contract terms$14K–$42K
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 2024
Plan sponsor
Fresh Direct Holdings, Inc.
Sponsor EIN
11-3576952
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-3576952 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fresh Direct Bargaining Unit 401k Plan
Type
401(k) plan
Participants
2,139

About this data

Source: Fresh Direct Holdings, Inc.'s Form 5500 filing for plan year 2024 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 Fresh Direct Holdings, Inc..

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