Nextier Holding Co.

Houston, TX Mining & energyNAICS 211120

Self-funded health planPlan year 2024Renews January
4,926ParticipantsFirst year on file
$11.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 43Mining & energy in TXBy participants

Overview

Nextier Holding Co. sponsors a self-funded health plan that covered 4,926 participants in plan year 2024. 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
4,926
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Nextier Holding Co. Health and Welfare Benefit Plan, plan 501 (4,926 participants)
Broker compensation
$1.2M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyDental, Life, Long-term disability, Critical Illness, Accident, Hospital Indemnity8,415$7.5M$1.2M
Vision Service PlanVision3,116$514K$48K
National Union Fire Ins. Co. of Pittsburgh, PAAccidental Death and Dismemberment3,858$7K—

Pharmacy benefit estimate

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

$11.7M/ year

Estimated prescription spend: 4,926 participants × $2,371 national average per member. Usually higher once dependents are counted.

$304K–$749K/ year

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

Brands with a generic available$89K–$222K
Lower-cost therapeutic alternatives$130K–$271K
Generic pricing vs. actual cost$56K–$168K
PBM contract terms$29K–$88K
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 2024
Plan sponsor
Nextier Holding Co.
Sponsor EIN
47-2204586
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 47-2204586 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Nextier Oilfield Solutions 401(k) Plan
Type
401(k) plan
Participants
5,879

About this data

Source: Nextier Holding Co.'s Form 5500 filing for plan year 2024 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 Nextier Holding Co..

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