The Gillette Company LLC

Boston, MA ManufacturingNAICS 332900

Self-funded health planPlan year 2024Renews July
2,880ParticipantsFirst year on file
$6.8MEst. pharmacy spend / yrParticipants × national avg.
Jul 2027Next renewalPlan year begins July 1
#7 of 48Manufacturing in MABy participants

Overview

The Gillette Company LLC sponsors a self-funded health plan that covered 2,880 participants in plan year 2024. The plan year starts in July. Alongside medical, its benefits filing reports life insurance, dental, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
2,880
Plan year
Begins July 1 · next renewal July 2027
Health plans filed
Gillette Retiree Medical Plan, plan 504 (2,880 participants)
Broker compensation
$17K across insured contracts
MedicalLife insuranceDentalLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife3,991$2.0M$17K

Pharmacy benefit estimate

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

$6.8M/ year

Estimated prescription spend: 2,880 participants × $2,371 national average per member. Usually higher once dependents are counted.

$178K–$438K/ year

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

Brands with a generic available$52K–$130K
Lower-cost therapeutic alternatives$76K–$158K
Generic pricing vs. actual cost$33K–$98K
PBM contract terms$17K–$51K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning July 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
The Gillette Company LLC
Sponsor EIN
81-3268325
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 81-3268325 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Gillette Company Employee Stock Ownership Plan
Type
Defined contribution plan
Participants
1,219

About this data

Source: The Gillette Company LLC'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 The Gillette Company LLC.

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