Freeport-Mcmoran Inc.
Overview
Freeport-Mcmoran Inc. sponsors a self-funded health plan that covered 13,897 participants in plan year 2025, about the same as 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
- 13,897 · prior year 13,838
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Freeport-Mcmoran Inc. Health & Welfare Plan, plan 597 (13,897 participants); Freeport-Mcmoran Inc. Retiree Health Reimbursement Arrangement, plan 603 (1,218 participants)
- Broker compensation
- $388K 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life, Long-term disability | 13,612 | $18.5M | $222K |
| UnitedHealthcare Insurance Company | Medical, Dental, Vision, Business Travel for Medical | 314 | $5.7M | — |
| Spring Health | Employee Assistance Program | 13,744 | $1.5M | — |
| Provident Life and Accident Insurance Company | Individual Disability Insurance | 237 | $797K | $153K |
| Metropolitan General Insurance Company | Prepaid Legal Services | 4,458 | $792K | — |
| Delaware American Life Insurance Company | Long-term disability | 327 | $398K | — |
| National Union Fire Insurance Company | Business Travel Accident/ad&d | 22,578 | $81K | $12K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 13,897 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
- Freeport-Mcmoran Inc.
- Sponsor EIN
- 74-2480931
- Plan numbers
- 597, 603
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 74-2480931 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Freeport-Mcmoran Inc. Employee Capital Accumulation Program
- Type
- 401(k) plan
- Participants
- 19,165
About this data
Source: Freeport-Mcmoran Inc.'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 Freeport-Mcmoran Inc..