Norco, Inc.

Boise, ID Wholesale tradeNAICS 423800

Self-funded health planPlan year 2025Renews January
1,183Participants+5% vs. prior year
$2.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 3Wholesale trade in IDBy participants

Overview

Norco, Inc. sponsors a self-funded health plan that covered 1,183 participants in plan year 2025, up 5% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, death benefits.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,183 · prior year 1,130
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Norco, Inc. Health & Welfare Plan, plan 501 (1,183 participants)
Broker compensation
$106K across insured contracts
MedicalLife insuranceDentalVisionDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
United Heritage Life Insurance CompanyVision, Life1,402$397K$35K
Colonial Life & Accident Insurance CompanyAccident, Critical Illness487$221K$71K
Willamette Dental of Idaho, Inc.Dental329$140K—
AllyhealthTelehealth1,113$51K—
Hcms Group DBA WorkpartnersEmployee Assistance Program1,482$26K—

Pharmacy benefit estimate

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

$2.8M/ year

Estimated prescription spend: 1,183 participants × $2,371 national average per member. Usually higher once dependents are counted.

$73K–$180K/ year

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

Brands with a generic available$21K–$53K
Lower-cost therapeutic alternatives$31K–$65K
Generic pricing vs. actual cost$13K–$40K
PBM contract terms$7K–$21K
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
Norco, Inc.
Sponsor EIN
82-0277763
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 82-0277763 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Norco, Inc. 401(k) Savings Plan
Type
401(k) plan
Participants
1,662

About this data

Source: Norco, 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 Norco, Inc..

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