Wakefern Food Corp.

Keasbey, NJ RetailNAICS 445110

Self-funded health planPlan year 2025Renews January
1,763Participants-5% vs. prior year
$4.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#8 of 16Retail in NJBy participants

Overview

Wakefern Food Corp. sponsors a self-funded health plan that covered 1,763 participants in plan year 2025, down 6% from 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
1,763 · prior year 1,865
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Wakefern Food Corp. Health & Welfare Plan for Full-Time Employees, plan 505 (1,763 participants); Wakefern Food Corp. Health and Welfare Plan for Grocery West Union Employees, plan 512 (349 participants)
Broker compensation
$18K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-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 CompanyShort-term disability, Life, Long-term disability, Vision1,763$2.5M$100
Aetna Life Insurance CompanyDental, HMO, Medical, Prescription drug982$500K—
Ace American Insurance CompanyAccidental Death and Dismemberment1,763$101K$18K

Pharmacy benefit estimate

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

$4.2M/ year

Estimated prescription spend: 1,763 participants × $2,371 national average per member. Usually higher once dependents are counted.

$109K–$268K/ year

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

Brands with a generic available$32K–$79K
Lower-cost therapeutic alternatives$46K–$97K
Generic pricing vs. actual cost$20K–$60K
PBM contract terms$10K–$31K
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
Wakefern Food Corp.
Sponsor EIN
22-1434516
Plan numbers
505, 512
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-1434516 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Wakefern Food Corporation 401(k) Savings Plan
Type
401(k) plan
Participants
2,568

About this data

Source: Wakefern Food Corp.'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 Wakefern Food Corp..

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