Pitney Bowes Inc.

Shelton, CT ManufacturingNAICS 333900

Self-funded health planPlan year 2025Renews January
8,549Participants-1% vs. prior year
$20.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 34Manufacturing in CTBy participants

Overview

Pitney Bowes Inc. sponsors a self-funded health plan that covered 8,549 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
8,549 · prior year 8,658
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Pitney Bowes Inc. Health and Welfare Plan for Active Employees, plan 504 (8,549 participants); Pitney Bowes Inc. Health and Welfare Plan for Retirees, plan 560 (5,294 participants); Pitney Bowes Flexible Benefits Program, plan 511 (636 participants)
Broker compensation
$180K across insured contracts
MedicalLife insuranceDentalVisionLong-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 CompanyLife8,747$3.0M$95K
Fidelity Security Life Insurance CompanyVision2,655$307K$85K
Aetna Life Insurance CompanyDental581$228K—
Aetna Life Insurance Co.Dental246$97K—
Ace American Insurance CompanyTravel Accident, Accidental Death & Dismemberment5,642$78K—

Pharmacy benefit estimate

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

$20.3M/ year

Estimated prescription spend: 8,549 participants × $2,371 national average per member. Usually higher once dependents are counted.

$527K–$1.3M/ year

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

Brands with a generic available$154K–$385K
Lower-cost therapeutic alternatives$225K–$470K
Generic pricing vs. actual cost$97K–$292K
PBM contract terms$51K–$152K
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
Pitney Bowes Inc.
Sponsor EIN
06-0495050
Plan numbers
504, 560, 511
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 06-0495050 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Pitney Bowes Pension Plan
Type
Pension plan
Participants
17,744

About this data

Source: Pitney Bowes 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 Pitney Bowes Inc..

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