Duke Energy Corporation
Overview
Duke Energy Corporation sponsors a self-funded health plan that covered 35,057 participants in plan year 2025, down 3% 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
- 35,057 · prior year 35,962
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Duke Energy Active Health & Welfare Benefit Plans, plan 505 (35,057 participants)
- Broker compensation
- $811K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Securian Life Insurance Company | Life, BTA, AD&D | 62,728 | $34.6M | $650K |
| Lincoln National Life Insurance Company | Long-term disability | 26,320 | $15.7M | $85K |
| Sierra Health and Life Insurance Company, Inc. | Medical | 6,865 | $9.1M | — |
| Vision Service Plan | Vision | 22,253 | $3.8M | $76K |
| Cigna Health and Life Insurance Company and Affiliates | Dental, HMO | 5,029 | $887K | — |
| United Healthcare Insurance Company | Prescription drug | 2,888 | $1K | — |
| Metropolitan Life Insurance Company | Life | 3,708 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 35,057 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Duke Energy Corporation
- Sponsor EIN
- 20-2777218
- Plan number
- 505
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 20-2777218 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Duke Energy Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 34,829
About this data
Source: Duke Energy Corporation'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 Duke Energy Corporation.