Form 5500 · Employee benefit plan · PARSIPPANY, NJ
FERRERO USA INC.
The filing calls this plan FERRERO USA INC. COMPREHENSIVE WELFARE BENEFITS PLAN.
FERRERO USA INC. of PARSIPPANY, NJ insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is PLANSOURCE BENEFITSADMINISTRATION. Coverage is written through PRUDENTIAL INSURANCE COMPANY OF AMERICA and 4 other carriers. The plan's most recent policy period ended in November.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 13-2637756 · plan 506 · plan year 2024, filed Oct 15, 2025
Get an email when this employer files a new Form 5500, and again about four months before its plan renews.
42 other employer plans in New Jersey have policy years ending in November. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Self-funded as reported
The filing names a third-party administrator on Schedule A and reports no medical premium.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Also declared: prepaid legal, death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 8 insured contracts covering health, dental, vision, life and disability; the largest, with PRUDENTIAL INSURANCE COMPANY OF AMERICA, covers 5,365 people.
Reported premium across the insured contracts is $7,969,255, with $976,554 in disclosed broker commissions — about 12% of premium.
The health contract's policy period ended in November, while at least one ancillary line's policy period ended in December. The plan is on a split renewal cycle.
PLANSOURCE BENEFITSADMINISTRATION is the broker of record on 1 of the 8 contracts; the rest name a different broker or none.
5 carriers appear on the filing, including PRUDENTIAL INSURANCE COMPANY OF AMERICA, DELTA DENTAL OF NEW JERSEY, INC., METROPOLITAN LIFE INSURANCE COMPANY and VISION SERVICE PLAN. PRUDENTIAL INSURANCE COMPANY OF AMERICA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 4,176 | Dec 1, 2024 | $457,908 | $498,695 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 5,981 | Jan 1, 2025 | $491,421 | $160,196 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 1,458 | Jan 1, 2025 | $259,932 | $153,938 |
| METROPOLITAN LIFE INSURANCE COMPANY | Health | 3,609 | Jan 1, 2025 | $733,432 | $150,804 |
| METLIFE LEGAL PLANS | — | 546 | Jan 1, 2025 | $169,466 | $12,921 |
| PRUDENTIAL INSURANCE COMPANY OF AMERICA | Life, Disability | 5,365 | Jan 1, 2025 | $3,661,339 | $0 |
| DELTA DENTAL OF NEW JERSEY, INC. | Dental | 5,111 | Jan 1, 2025 | $1,879,302 | $0 |
| VISION SERVICE PLAN | Vision | 2,513 | Jan 1, 2025 | $316,455 | $0 |
Premium and claims on this contract
VISION SERVICE PLAN, contract 30016735. For the contract year on this filing, the carrier reported $316,455 in premium earned and $265,944 in claims incurred. Dividing one by the other gives 84%.
- VISION SERVICE PLAN, contract 30016735 reported $52,216 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
Other plans filed by this employer
How this plan compares
Subscribers see how this compares with similar plans in New Jersey. A subscription also adds this plan's filing history and the renewal calendar for its state. See plans and prices
Without an account you can open 10 employer, broker and carrier pages a day, including through an AI assistant, and 50 a day with a free account. Paid plans are what keep these records free to read.
Renewal calendar
42 other employer plans in New Jersey are December 1 renewals (policy year ends November).
Their policy years end in November, like this plan’s, so most renew December 1. The calendar lists every insured group by renewal date and state, with broker of record, carrier and disclosed commission. You can preview the five largest in each month for free.
Claude & ChatGPT
Look up records from Claude or ChatGPT
Add Form5500Lookup to Claude or ChatGPT and ask about any employer, broker or carrier in plain English. Lookups are free. Renewal lists, full books of business and exports are included with a subscription.
Building a list or a tool from these records? Match a list you already have from $29 per 1,000 records, or license the whole dataset as a weekly file for $499 a month. See both
More employer plans in New Jersey — largest plans, brokers, carriers and renewal months.