MetLife Group, Inc.

Warren, NJ Finance & insuranceNAICS 524140

Self-funded health planPlan year 2025Renews April
32,061ParticipantsFirst year on file
$76.0MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#1 of 19Finance & insurance in NJBy participants

Overview

MetLife Group, Inc. sponsors a self-funded health plan that covered 32,061 participants in plan year 2025. The plan year starts in April. 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
32,061
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
MetLife Choices Health & Life Plan, plan 513 (32,061 participants)
Broker compensation
$13K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyMedical, Long-term disability, Life, AD&D, Long Term Care23,855$21.2M$13K
MetLife Legal PlansLegal13,565$2.0M—
United Behavioral Health DBA OptumEAP14,796$479K—

Pharmacy benefit estimate

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

$76.0M/ year

Estimated prescription spend: 32,061 participants × $2,371 national average per member. Usually higher once dependents are counted.

$2.0M–$4.9M/ year

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

Brands with a generic available$578K–$1.4M
Lower-cost therapeutic alternatives$844K–$1.8M
Generic pricing vs. actual cost$365K–$1.1M
PBM contract terms$190K–$570K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 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
MetLife Group, Inc.
Sponsor EIN
55-0790010
Plan number
513
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 55-0790010 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
MetLife 401(k) Plan
Type
401(k) plan
Participants
32,414

About this data

Source: MetLife Group, 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 MetLife Group, Inc..

Request a correction · Methodology