Nipro Pharmapackaging Americas Corporation

Millville, NJ ManufacturingNAICS 327210

Self-funded health planPlan year 2024Renews August
561ParticipantsFirst year on file
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Aug 2027Next renewalPlan year begins August 1
#74 of 76Manufacturing in NJBy participants

Overview

Nipro Pharmapackaging Americas Corporation sponsors a self-funded health plan that covered 561 participants in plan year 2024. The plan year starts in August. 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
561
Plan year
Begins August 1 · next renewal August 2027
Health plans filed
Nipro Pharmapackaging Americas Welfare Benefits Plan, plan 501 (561 participants)
Broker compensation
$23K 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
Prudential Insurance Company of AmericaLife, Long-term disability377$236K$23K
Delta Dental of New Jersey, Inc.Dental546$169K—
Alpha Dental Programs, Inc.Dental44$9K—
Carebridge CorporationEmployee Assistance Program481$8K—

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 561 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$85K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$31K
Generic pricing vs. actual cost$6K–$19K
PBM contract terms$3K–$10K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning August 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Nipro Pharmapackaging Americas Corporation
Sponsor EIN
45-2690004
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 45-2690004 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Nipro Pharmapackaging Americas Corporation Non-Union 401(k) Plan
Type
401(k) plan
Participants
339

About this data

Source: Nipro Pharmapackaging Americas Corporation's Form 5500 filing for plan year 2024 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 Nipro Pharmapackaging Americas Corporation.

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