Nelson Mullins Riley & Scarborough LLP

Columbia, SC Professional servicesNAICS 541110

Self-funded health planPlan year 2025Renews January
2,479Participants+4% vs. prior year
$5.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 8Professional services in SCBy participants

Overview

Nelson Mullins Riley & Scarborough LLP sponsors a self-funded health plan that covered 2,479 participants in plan year 2025, up 4% 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
2,479 · prior year 2,382
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Nelson Mullins Riley & Scarborough LLP Health and Welfare Plan, plan 509 (2,479 participants)
Broker compensation
$70K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Sun Life Insurance Company of CanadaLife, Long-term disability2,458$2.0M$70K
Fidelity Security Life Insurance CompanyVision1,296$165K—

Pharmacy benefit estimate

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

$5.9M/ year

Estimated prescription spend: 2,479 participants × $2,371 national average per member. Usually higher once dependents are counted.

$153K–$377K/ year

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

Brands with a generic available$45K–$112K
Lower-cost therapeutic alternatives$65K–$136K
Generic pricing vs. actual cost$28K–$85K
PBM contract terms$15K–$44K
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
Nelson Mullins Riley & Scarborough LLP
Sponsor EIN
57-0215445
Plan number
509
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 57-0215445 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Nelson Mullins Retirement Plan
Type
401(k) plan
Participants
2,808

About this data

Source: Nelson Mullins Riley & Scarborough LLP'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 Nelson Mullins Riley & Scarborough LLP.

Request a correction · Methodology