Kennecott Utah Copper LLC

South Jordan, UT Mining & energyNAICS 212200

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
1,446Participants0% vs. prior year
$3.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 4Mining & energy in UTBy participants

Overview

Kennecott Utah Copper LLC sponsors a self-funded health plan that covered 1,446 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, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,446 · prior year 1,450
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Kennecott Utah Copper LLC Health & Welfare Benefits Wrap Plan for PRE 10/2002 Hourly Represented Retirees, plan 583 (1,446 participants); Kennecott Utah Copper LLC Health & Welfare Benefits Wrap Plan, plan 721 (1,443 participants)
Broker compensation
$67K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife, Long-term disability3,155$2.2M$43K
Vision Service PlanVision1,159$96K$10K
Eyemed Vision CareVision807$87K$9K
Aetna Life Insurance Co.Vision812$62K$6K
ComPsych CorporationEmployee Assistance Program1,304$29K—

Pharmacy benefit estimate

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

$3.4M/ year

Estimated prescription spend: 1,446 participants × $2,371 national average per member. Usually higher once dependents are counted.

$89K–$220K/ year

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

Brands with a generic available$26K–$65K
Lower-cost therapeutic alternatives$38K–$80K
Generic pricing vs. actual cost$16K–$49K
PBM contract terms$9K–$26K
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
Kennecott Utah Copper LLC
Sponsor EIN
13-3108078
Plan numbers
583, 721
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3108078 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Kennecott Utah Copper 401(k) Savings and Retirement Contribution Plan for Represented Employees
Type
401(k) plan
Participants
1,818

About this data

Source: Kennecott Utah Copper LLC'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 Kennecott Utah Copper LLC.

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