Steel Dynamics, Inc.
Overview
Steel Dynamics, Inc. sponsors a self-funded health plan that covered 9,521 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, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 9,521 · prior year 9,119
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Steel Dynamics, Inc. Health & Dental Plan, plan 502 (9,521 participants)
- Stop-loss carrier
- Reliastar Life Insurance Company
- Broker compensation
- $389K 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 |
|---|---|---|---|---|
| Zurich American Life Insurance Company | Life, AD&D, Long-term disability | 31,684 | $10.8M | $220K |
| Reliastar Life Insurance Company | Stop-loss | 9,558 | $2.8M | $169K |
| National Union Fire Ins. Co. of Pittsburgh,pa | AD&D | 350 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 9,521 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
- Steel Dynamics, Inc.
- Sponsor EIN
- 35-1929476
- Plan number
- 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 35-1929476 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Steel Dynamics, 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 Steel Dynamics, Inc..