Saloncentric Inc.

Clark, NJ Wholesale tradeNAICS 424990

Self-funded health planPlan year 2025Renews January
4,332Participants-1% vs. prior year
$10.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 16Wholesale trade in NJBy participants

Overview

Saloncentric Inc. sponsors a self-funded health plan that covered 4,332 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
4,332 · prior year 4,365
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Saloncentric Inc. Comprehensive Welfare Benefits Plan, plan 501 (4,332 participants)
Broker compensation
$57K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-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 CompanyLife2,905$586K$33K
Lincoln National Life Insurance CompanyLong-term disability2,181$305K$7K
Vision Service PlanVision1,423$177K$9K
Anthem Insurance Companies, Inc. (g2001)Employee Assistance Program4,333$88K—
Delta Dental of New York, Inc.Dental319$79K$4K
National Union Fire Ins Co. of Pittsburgh, PABusiness Travel Accident2,299$13K$4K
Lincoln Life & Annuity Company of New YorkNew York Statutory Disability31$3K—

Pharmacy benefit estimate

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

$10.3M/ year

Estimated prescription spend: 4,332 participants × $2,371 national average per member. Usually higher once dependents are counted.

$267K–$658K/ year

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

Brands with a generic available$78K–$195K
Lower-cost therapeutic alternatives$114K–$238K
Generic pricing vs. actual cost$49K–$148K
PBM contract terms$26K–$77K
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
Saloncentric Inc.
Sponsor EIN
91-2062018
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 91-2062018 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Saloncentric Inc. 401(k) Plan
Type
401(k) plan
Participants
4,182

About this data

Source: Saloncentric 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 Saloncentric Inc..

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