Qualico Steel Company, Inc.

Webb, AL ManufacturingNAICS 332900

Self-funded health planPlan year 2025Renews June
943Participants+1% vs. prior year
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#22 of 29Manufacturing in ALBy participants

Overview

Qualico Steel Company, Inc. sponsors a self-funded health plan that covered 943 participants in plan year 2025, about the same as the prior year. The plan year starts in June. Alongside medical, its benefits filing reports dental.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
943 · prior year 936
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
Qualico Steel Company, Inc., plan 501 (943 participants)
Stop-loss carrier
Siriuspoint America Insurance Company
Broker compensation
$127K across insured contracts
MedicalDental

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Principal Life Insurance CompanyDental, Vision, Life, Short-term disability, PPO1,085$867K$127K
Siriuspoint America Insurance CompanyStop-loss449$418K—

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 943 participants × $2,371 national average per member. Usually higher once dependents are counted.

$58K–$143K/ year

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

Brands with a generic available$17K–$42K
Lower-cost therapeutic alternatives$25K–$52K
Generic pricing vs. actual cost$11K–$32K
PBM contract terms$6K–$17K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 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
Qualico Steel Company, Inc.
Sponsor EIN
63-0707385
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 63-0707385 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Qualico Steel Company, Inc. 401(k) Plan
Type
401(k) plan
Participants
296

About this data

Source: Qualico Steel Company, 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 Qualico Steel Company, Inc..

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