Nexteer Automotive Corporation
Overview
Nexteer Automotive Corporation sponsors a self-funded health plan that covered 1,760 participants in plan year 2025, up 2% from 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
- 1,760 · prior year 1,718
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Nexteer Automotive Corporation Hourly Health & Welfare Plan, plan 502 (1,760 participants)
- Broker compensation
- $62K 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 | Vision, Life | 4,285 | $3.2M | $140 |
| Unum Life Insurance Company of America | Long-term disability | 1,475 | $774K | $62K |
| Ulliance, Inc. | Employee Assistance Program | 3,043 | $143K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,760 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
- Nexteer Automotive Corporation
- Sponsor EIN
- 26-1668808
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 26-1668808 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Nexteer Automotive Hourly 401(k) Retirement Plan
- Type
- 401(k) plan
- Participants
- 2,311
About this data
Source: Nexteer Automotive Corporation'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 Nexteer Automotive Corporation.