St Shared Services LLC

Bridgewater, NJ ManufacturingNAICS 325410

Self-funded health planPlan year 2025Renews January
2,217ParticipantsFirst year on file
$5.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#25 of 76Manufacturing in NJBy participants

Overview

St Shared Services LLC sponsors a self-funded health plan that covered 2,217 participants in plan year 2025. 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
2,217
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Keenova Therapeutics Welfare Benefit Plan, plan 501 (2,217 participants)
Broker compensation
$64K 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
Hartford Life and AccidentAccidental Death and Dismemberment, Life, Long-term disability1,219$2.5M$51K
Vision Service PlanVision1,118$470K—
Ace American Insurance CompanyBusiness Travel Accident1,219$69K$14K
UnitedHealthcare Insurance CompanyEmployee Assistance Program1,247$60K—

Pharmacy benefit estimate

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

$5.3M/ year

Estimated prescription spend: 2,217 participants × $2,371 national average per member. Usually higher once dependents are counted.

$137K–$337K/ year

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

Brands with a generic available$40K–$100K
Lower-cost therapeutic alternatives$58K–$122K
Generic pricing vs. actual cost$25K–$76K
PBM contract terms$13K–$39K
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
St Shared Services LLC
Sponsor EIN
84-3727053
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 84-3727053 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Keenova Therapeutics Retirement Savings and Investment Plan
Type
401(k) plan
Participants
3,969

About this data

Source: St Shared Services 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 St Shared Services LLC.

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