NV Energy, Inc.

Reno, NV UtilitiesNAICS 221100

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
4,598Participants+0% vs. prior year
$10.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 3Utilities in NVBy participants

Overview

NV Energy, Inc. sponsors a self-funded health plan that covered 4,598 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, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
4,598 · prior year 4,588
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
NV Energy Comprehensive Welfare Benefit and Cafeteria Plan, plan 507 (4,598 participants)
Broker compensation
$132K 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
Reliastar Life Insurance CompanyLife7,821$3.3M$84K
Hartford Life and AccidentLong-term disability2,447$1.1M$20K
Eyemed Vision CareVision3,236$569K$28K
Vision Service PlanVision1,284$117K—
MetLife Legal PlansLegal397$47K$107

Pharmacy benefit estimate

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

$10.9M/ year

Estimated prescription spend: 4,598 participants × $2,371 national average per member. Usually higher once dependents are counted.

$283K–$699K/ year

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

Brands with a generic available$83K–$207K
Lower-cost therapeutic alternatives$121K–$253K
Generic pricing vs. actual cost$52K–$157K
PBM contract terms$27K–$82K
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
NV Energy, Inc.
Sponsor EIN
88-0198358
Plan number
507
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 88-0198358 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
NV Energy Retirement Plan
Type
Pension plan
Participants
3,547

About this data

Source: NV Energy, 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 NV Energy, Inc..

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