Mars, Incorporated

Hackettstown, NJ ManufacturingNAICS 311300

Self-funded health planPlan year 2025Renews January
8,841Participants+7% vs. prior year
$21.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 76Manufacturing in NJBy participants

Overview

Mars, Incorporated sponsors a self-funded health plan that covered 8,841 participants in plan year 2025, up 7% 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
8,841 · prior year 8,253
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Mars, Incorporated Retiree Health Care and Life Plan, plan 501 (8,841 participants); Mars, Incorporated Flexible Spending Account Plan, plan 998 (4,064 participants)
Broker compensation
$834 across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife30,358$10.5M—
Life Insurance Company of North AmericaShort-term disability, Long-term disability15,274$8.3M—
Bluecross Blueshield of IllinoisHMO446$3.9M—
Aetna Life Insurance Co.Vision27,667$1.2M—
New York Life Group Insurance Company of NYShort-term disability206$80K—
Health and Human Resource Center, Inc.Employee Assistance Program (CA Assoicat284$7K—

Pharmacy benefit estimate

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

$21.0M/ year

Estimated prescription spend: 8,841 participants × $2,371 national average per member. Usually higher once dependents are counted.

$545K–$1.3M/ year

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

Brands with a generic available$159K–$398K
Lower-cost therapeutic alternatives$233K–$486K
Generic pricing vs. actual cost$101K–$302K
PBM contract terms$52K–$157K
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
Mars, Incorporated
Sponsor EIN
22-1594774
Plan numbers
501, 998
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-1594774 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Mars Veterinary Health 401(k) Savings Plan
Type
401(k) plan
Participants
66,642

About this data

Source: Mars, Incorporated'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 Mars, Incorporated.

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