International Flavors & Fragrances, Inc.

New York, NY ManufacturingNAICS 325900

Self-funded health planPlan year 2025Renews January
6,617Participants+20% vs. prior year
$15.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 45Manufacturing in NYBy participants

Overview

International Flavors & Fragrances, Inc. sponsors a self-funded health plan that covered 6,617 participants in plan year 2025, up 20% 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
6,617 · prior year 5,524
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Group Insurance Plan for International Flavors & Fragrances Inc., plan 501 (6,617 participants)
Broker compensation
$1.1M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife, Critical Illness, Long-term disability, Hospital Indemnity, Group Accident6,089$6.9M$1.1M
United Healthcare Insurance CompanyVision7,186$546K—
Ace American Insurance CompanyAccidental Death and Dismemberment/busin4,620$56K$8K

Pharmacy benefit estimate

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

$15.7M/ year

Estimated prescription spend: 6,617 participants × $2,371 national average per member. Usually higher once dependents are counted.

$408K–$1.0M/ year

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

Brands with a generic available$119K–$298K
Lower-cost therapeutic alternatives$174K–$364K
Generic pricing vs. actual cost$75K–$226K
PBM contract terms$39K–$118K
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
International Flavors & Fragrances, Inc.
Sponsor EIN
13-1432060
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-1432060 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
International Flavors & Fragrances Inc. Retirement Investment Fund Plan
Type
401(k) plan
Participants
7,094

About this data

Source: International Flavors & Fragrances, 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 International Flavors & Fragrances, Inc..

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