Imperial Bag & Paper Co. LLC.

Jersey City, NJ Wholesale tradeNAICS 424100

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
5,911Participants-11% vs. prior year
$14.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 16Wholesale trade in NJBy participants

Overview

Imperial Bag & Paper Co. LLC. sponsors a self-funded health plan that covered 5,911 participants in plan year 2025, down 11% 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
5,911 · prior year 6,659
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Imperial Bag & Paper Co. LLC Employee Benefits Plan, plan 501 (5,911 participants)
Broker compensation
$230K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
The Guardian Life Insurance Company of AmericaDental, Life, Short-term disability, Long-term disability5,911$4.4M$126K
Continental American Insurance CompanyAccident, Critical Illness, Hospital Ind1,125$575K$103K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision5,659$479K—
Metropolitan General Insurance CompanyLegal264$46K—

Pharmacy benefit estimate

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

$14.0M/ year

Estimated prescription spend: 5,911 participants × $2,371 national average per member. Usually higher once dependents are counted.

$364K–$898K/ year

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

Brands with a generic available$107K–$266K
Lower-cost therapeutic alternatives$156K–$325K
Generic pricing vs. actual cost$67K–$202K
PBM contract terms$35K–$105K
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
Imperial Bag & Paper Co. LLC.
Sponsor EIN
20-5963953
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 20-5963953 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Imperial Bag & Paper Co., LLC Employee Benefit Plan
Type
401(k) plan
Participants
7,778

About this data

Source: Imperial Bag & Paper Co. LLC.'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 Imperial Bag & Paper Co. LLC..

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