Nova Chemicals Inc.
Overview
Nova Chemicals Inc. sponsors a self-funded health plan that covered 656 participants in plan year 2025, about the same as 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
- 656 · prior year 662
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Nova Chemicals Inc. Retiree Welfare Benefits Plan, plan 610 (656 participants); Nova Chemicals Inc. Welfare Benefits Plan for Hourly and Salaried Employees, plan 511 (276 participants)
- Broker compensation
- $76K 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 |
|---|---|---|---|---|
| Sun Life Assurance Company of Canada | Life, Long-term disability | 555 | $891K | $70K |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co. | Vision | 533 | $45K | $2K |
| Life Insurance Company of North America | Business Travel Accident | 269 | $14K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 656 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
- Nova Chemicals Inc.
- Sponsor EIN
- 36-3203832
- Plan numbers
- 610, 511
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 36-3203832 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Nova Chemicals Inc. Savings Plan for U.S. Employees
- Type
- 401(k) plan
- Participants
- 477
About this data
Source: Nova Chemicals 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 Nova Chemicals Inc..