The Hain Celestial Group, Inc.

Hoboken, NJ Wholesale tradeNAICS 424400

Self-funded health planPlan year 2024Renews September
959ParticipantsFirst year on file
$2.3MEst. pharmacy spend / yrParticipants × national avg.
Sep 2027Next renewalPlan year begins September 1
#8 of 16Wholesale trade in NJBy participants

Overview

The Hain Celestial Group, Inc. sponsors a self-funded health plan that covered 959 participants in plan year 2024. The plan year starts in September. 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
959
Plan year
Begins September 1 · next renewal September 2027
Health plans filed
The Hain Celestial Group, Inc. Benefits Plan, plan 501 (959 participants)
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
First Reliance Standard Life Insurance CompanyLife, Short-term disability, Long-term disability, Accidental Death and Dismemberment, AD&D860$655K—
Vision Service PlanVision536$90K—

Pharmacy benefit estimate

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

$2.3M/ year

Estimated prescription spend: 959 participants × $2,371 national average per member. Usually higher once dependents are counted.

$59K–$146K/ year

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

Brands with a generic available$17K–$43K
Lower-cost therapeutic alternatives$25K–$53K
Generic pricing vs. actual cost$11K–$33K
PBM contract terms$6K–$17K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning September 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 Hain Celestial Group, Inc.
Sponsor EIN
22-3240619
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-3240619 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
The Hain Celestial Group 401(k) Plan
Type
401(k) plan
Participants
1,870

About this data

Source: The Hain Celestial Group, Inc.'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 Hain Celestial Group, Inc..

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