NN, Inc.

Charlotte, NC ManufacturingNAICS 332900

Self-funded health planPlan year 2025Renews January
1,126Participants+6% vs. prior year
$2.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#41 of 85Manufacturing in NCBy participants

Overview

NN, Inc. sponsors a self-funded health plan that covered 1,126 participants in plan year 2025, up 6% 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
1,126 · prior year 1,063
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
NN, Inc. Health & Welfare Benefit Plan, plan 505 (1,126 participants)
Broker compensation
$183K 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
The Prudential Insurance Co. of AmericaLife, Short-term disability, Long-term disability788$1.2M$172K
Metropolitan Life Insurance CompanyVision1,487$63K$6K

Pharmacy benefit estimate

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

$2.7M/ year

Estimated prescription spend: 1,126 participants × $2,371 national average per member. Usually higher once dependents are counted.

$69K–$171K/ year

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

Brands with a generic available$20K–$51K
Lower-cost therapeutic alternatives$30K–$62K
Generic pricing vs. actual cost$13K–$38K
PBM contract terms$7K–$20K
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
NN, Inc.
Sponsor EIN
62-1096725
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 62-1096725 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
NN, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
1,689

About this data

Source: NN, 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 NN, Inc..

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