Givaudan Fragrances Corporation

Mount Olive, NJ ManufacturingNAICS 325900

Self-funded health planPlan year 2025Renews January
2,922Participants+3% vs. prior year
$6.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#21 of 76Manufacturing in NJBy participants

Overview

Givaudan Fragrances Corporation sponsors a self-funded health plan that covered 2,922 participants in plan year 2025, up 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,922 · prior year 2,846
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Givaudan Health Benefits Plan, plan 501 (2,922 participants)
Broker compensation
$140K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceOther 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 disability4,112$2.1M$109K
Vision Service PlanVision1,818$341K—
National Union Fire Ins. Co. of Pittsburgh, PAAccidental Death and Dismemberment and P, Accidental Death & Dismemberment, Paraly2,371$211K$32K

Pharmacy benefit estimate

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

$6.9M/ year

Estimated prescription spend: 2,922 participants × $2,371 national average per member. Usually higher once dependents are counted.

$180K–$444K/ year

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

Brands with a generic available$53K–$132K
Lower-cost therapeutic alternatives$77K–$161K
Generic pricing vs. actual cost$33K–$100K
PBM contract terms$17K–$52K
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
Givaudan Fragrances Corporation
Sponsor EIN
31-1707845
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 31-1707845 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Givaudan's 401(k) Retirement Savings Plan
Type
401(k) plan
Participants
3,604

About this data

Source: Givaudan Fragrances Corporation'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 Givaudan Fragrances Corporation.

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