Nexstar Media Group Inc.

Irving, TX Information & technologyNAICS 515100

Self-funded health planPlan year 2025Renews January

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9,380Participants+4% vs. prior year

$22.2MEst. pharmacy spend / yrParticipants × national avg.

Jan 2027Next renewalPlan year begins January 1

#3 of 13Information & technology in TXBy participants

Overview

Nexstar Media Group Inc. sponsors a self-funded health plan that covered 9,380 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: 9,380 · prior year 8,990
Plan year: Begins January 1 · next renewal January 2027
Health plans filed: Nexstar Media Group Inc., Group Benefit Plan, plan 501 (9,380 participants); Nexstar Media Group Inc. Cafeteria Plan With Flexible Spending Account, plan 502 (1,401 participants)
Broker compensation: $1.1M 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.

Carrier	Coverage	Covered	Premium	Broker comp
Standard Insurance Company	Life, Long-term disability, Short-term disability, Hospitalization, Critical Illness, Accid	12,475	$8.4M	$1.1M

Pharmacy benefit estimate

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

$22.2M/ year

Estimated prescription spend: 9,380 participants × $2,371 national average per member. Usually higher once dependents are counted.

$578K–$1.4M/ year

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

Brands with a generic available$169K–$423K

Lower-cost therapeutic alternatives$247K–$516K

Generic pricing vs. actual cost$107K–$320K

PBM contract terms$56K–$167K

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: Nexstar Media Group Inc.
Sponsor EIN: 23-3083125
Plan numbers: 501, 502
Filed with: U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-3083125 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Nexstar Media Group 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 Nexstar Media Group Inc..

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