National Oilwell Varco
Overview
National Oilwell Varco sponsors a self-funded health plan that covered 11,520 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
- 11,520 · prior year 11,627
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- NOV Group Welfare Plan, plan 571 (11,520 participants); Section 125 Plan, plan 502 (933 participants); NOV Retiree HRA Plan, plan 519 (143 participants)
- Stop-loss carrier
- Sun Life Assurance Company of Canada
- Broker compensation
- $1.0M 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 |
|---|---|---|---|---|
| Bluecross Blueshield of Illinois | Medical | 22,053 | $133.7M | $149K |
| Metropolitan Life Insurance Company | Medical, Life | 18,880 | $7.6M | $525K |
| Unum Life Insurance Company of America | Life, Short-term disability, Long-term disability | 12,576 | $5.5M | $205K |
| Cigna Health and Life Insurance Company | Medical, Dental, Vision, HMO | 1,836 | $1.5M | $38K |
| Vision Service Plan | Vision | 8,509 | $1.2M | — |
| Sun Life Assurance Company of Canada | Stop-loss | 9,161 | $892K | $44K |
| Chubb European Group SE | Business Travel Accident | 33,552 | $457K | $63K |
| Delaware American Life Insurance of America | Life, Long-term disability | 337 | $222K | $7K |
| Provident Life and Accident Insurance Company | Short-term disability, Long-term disability | 35 | $42K | $8K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 11,520 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
- National Oilwell Varco
- Sponsor EIN
- 76-0488987
- Plan numbers
- 571, 502, 519
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 76-0488987 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: National Oilwell Varco'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 National Oilwell Varco.