Steelcase Inc.

Grand Rapids, MI ManufacturingNAICS 337000

Self-funded health planPlan year 2025Renews March
1,888Participants+4% vs. prior year
$4.5MEst. pharmacy spend / yrParticipants × national avg.
Mar 2027Next renewalPlan year begins March 1
#46 of 138Manufacturing in MIBy participants

Overview

Steelcase Inc. sponsors a self-funded health plan that covered 1,888 participants in plan year 2025, up 4% from the prior year. The plan year starts in March. 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
1,888 · prior year 1,814
Plan year
Begins March 1 · next renewal March 2027
Health plans filed
Steelcase Benefit Plan for Medicare Eligible Retirees, plan 555 (1,888 participants); Halcon Corporation Employee Medical Benefit Plan, plan 501 (236 participants); Steelcase Benefit Plan for Non-Medicare Eligible Retirees, plan 550 (109 participants)
Broker compensation
$2.1M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Priority Health Insurance CompanyMedical4,220$26.9M$1.1M
Aetna Life Insurance Co.Medical, Dental1,838$10.7M$112K
UnitedHealthcare Insurance CompanyMedical, Dental, Vision1,226$4.2M$198K
Cigna Health and Life Insurance Company and Affiliates (cigna)Dental, Medical, HMO783$3.3M$167K
Metropolitan Life Insurance CompanyLife, Dental, Vision7,984$3.3M$261K
Delta Dental of MichiganDental2,829$1.8M$114K
Hartford Life and AccidentShort-term disability, Long-term disability2,099$680K$68K
Vision Service PlanVision1,541$429K$30K
Principal Life Insurance CompanyDental, Life, Short-term disability, Long-term disability, PPO566$382K$45K
EncompassMental Health Coverage4,242$336K—
Geisinger Quality Options, Inc.Medical39$298K$12K
Kaiser Foundation Health Plan, Inc.Medical, HMO33$262K$12K

Pharmacy benefit estimate

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

$4.5M/ year

Estimated prescription spend: 1,888 participants × $2,371 national average per member. Usually higher once dependents are counted.

$116K–$287K/ year

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

Brands with a generic available$34K–$85K
Lower-cost therapeutic alternatives$50K–$104K
Generic pricing vs. actual cost$21K–$64K
PBM contract terms$11K–$34K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning March 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
Steelcase Inc.
Sponsor EIN
38-0819050
Plan numbers
555, 501, 550
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 38-0819050 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Steelcase Inc. Retirement Plan
Type
401(k) plan
Participants
5,710

About this data

Source: Steelcase 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 Steelcase Inc..

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