Thyssenkrupp North America, LLC.

Beaverton, OR ManufacturingNAICS 331200

Self-funded health planPlan year 2025Renews January
6,754Participants0% vs. prior year
$16.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 14Manufacturing in ORBy participants

Overview

Thyssenkrupp North America, LLC. sponsors a self-funded health plan that covered 6,754 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
6,754 · prior year 6,775
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Thyssenkrupp North America Health and Welfare Plan, plan 504 (6,754 participants)
Stop-loss carrier
Reliastar Life Insurance Company
Broker compensation
$369K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliastar Life Insurance CompanyStop-loss, Life, Accidental Death & Dismemberment11,448$7.5M$283K
Hartford Life and AccidentShort-term disability, Long-term disability1,604$1.2M$20K
American Heritage Life Insurance CompanyVoluntary Group Accident and Critical Il, Medical856$467K$66K

Pharmacy benefit estimate

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

$16.0M/ year

Estimated prescription spend: 6,754 participants × $2,371 national average per member. Usually higher once dependents are counted.

$416K–$1.0M/ year

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

Brands with a generic available$122K–$304K
Lower-cost therapeutic alternatives$178K–$372K
Generic pricing vs. actual cost$77K–$231K
PBM contract terms$40K–$120K
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
Thyssenkrupp North America, LLC.
Sponsor EIN
22-2393554
Plan number
504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-2393554 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Thyssenkrupp 401(k) Plan North America
Type
401(k) plan
Participants
3,649

About this data

Source: Thyssenkrupp North America, LLC.'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 Thyssenkrupp North America, LLC..

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