H Mart, Inc.

Lyndhurst, NJ RetailNAICS 445110

Self-funded health planPlan year 2025Renews January
895Participants-13% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#11 of 16Retail in NJBy participants

Overview

H Mart, Inc. sponsors a self-funded health plan that covered 895 participants in plan year 2025, down 13% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
895 · prior year 1,030
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
H Mart, Inc., plan 501 (895 participants)
Broker compensation
$109K across insured contracts
MedicalLife insuranceDentalVisionDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental, Vision1,918$929K$78K
The Lincoln National Life Insurance CompanyLife1,075$305K$31K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 895 participants × $2,371 national average per member. Usually higher once dependents are counted.

$55K–$136K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$24K–$49K
Generic pricing vs. actual cost$10K–$31K
PBM contract terms$5K–$16K
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
H Mart, Inc.
Sponsor EIN
26-3957673
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 26-3957673 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
H Mart 401(k) Plan
Type
401(k) plan
Participants
3,928

About this data

Source: H Mart, 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 H Mart, Inc..

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