Nucor Corporation

Charlotte, NC ManufacturingNAICS 331110

Self-funded health planPlan year 2025Renews January
25,155Participants+4% vs. prior year
$59.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 85Manufacturing in NCBy participants

Overview

Nucor Corporation sponsors a self-funded health plan that covered 25,155 participants in plan year 2025, up 4% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
25,155 · prior year 24,159
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Nucor Corporation Group Life & Health Insurance Plan for All Employees, plan 502 (25,155 participants)
Broker compensation
$129K across insured contracts
MedicalLife insuranceDentalLong-term disability

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Life Insurance Company of North AmericaLife, Long-term disability29,627$46.5M$129K
Eyemed Vision CareVision22,475$2.5M—

Pharmacy benefit estimate

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

$59.6M/ year

Estimated prescription spend: 25,155 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.6M–$3.8M/ year

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

Brands with a generic available$453K–$1.1M
Lower-cost therapeutic alternatives$662K–$1.4M
Generic pricing vs. actual cost$286K–$859K
PBM contract terms$149K–$447K
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
Nucor Corporation
Sponsor EIN
13-1860817
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-1860817 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Nucor Corporation Employee Stock Ownership Plan
Type
Defined contribution plan
Participants
440

About this data

Source: Nucor 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 Nucor Corporation.

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