Reworld Projects, LLC

Morristown, NJ Business servicesNAICS 562000

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
4,163Participants+0% vs. prior year
$9.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 7Business services in NJBy participants

Overview

Reworld Projects, LLC sponsors a self-funded health plan that covered 4,163 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, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
4,163 · prior year 4,145
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Reworld Projects, LLC Welfare Benefit Plan, plan 501 (4,163 participants)
Stop-loss carrier
Aetna Life Insurance Co.
Broker compensation
$854K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife, Short-term disability, Long-term disability6,956$5.8M$341K
Aetna Life Insurance Co.Stop-loss3,316$1.6M$151K
Hmsa Health PlanMedical, PPO262$1.2M—
Aetna Life Insurance Company—3,211$998K$343K
Kaiser Foundation Health Plan of Hawaii, Inc.Medical, Prescription drug, HMO112$547K$12K
Fidelity Security Life Insurance CompanyVision5,443$477K—
Arag Insurance CompanyGroup Legal1,540$216K—
Prudential Insurance Company of AmericaLong Term Care63$175K$7K

Pharmacy benefit estimate

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

$9.9M/ year

Estimated prescription spend: 4,163 participants × $2,371 national average per member. Usually higher once dependents are counted.

$257K–$633K/ year

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

Brands with a generic available$75K–$188K
Lower-cost therapeutic alternatives$110K–$229K
Generic pricing vs. actual cost$47K–$142K
PBM contract terms$25K–$74K
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
Reworld Projects, LLC
Sponsor EIN
13-3213657
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3213657 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Reworld Savings Plan
Type
401(k) plan
Participants
5,572

About this data

Source: Reworld Projects, LLC'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 Reworld Projects, LLC.

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