Plan Snapshot
- Plan Sponsor: Nucor Corporation
- Sponsor EIN: 131860817
- Sponsor Address: 1915 REXFORD ROAD, CHARLOTTE, NC, 28211
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 24,159
- Total Assets: $68.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 24,159 | $68.6M | $330.6M | $93.0M |
| 2023 | 23,489 | $59.3M | $288.4M | $97.9M |
| 2022 | 19,950 | $54.0M | $255.6M | $86.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| OPTUMRX, INC | Other Service Provider | $164,331,721 | $275,079 | $164,606,800 |
| ANTHEM INSURANCE COMPANIES, INC. | Other Service Provider | $7,995,408 | — | $7,995,408 |
| CIGNA HEALTH AND LIFE INSURANCE CO | Other Service Provider | $3,978,963 | — | $3,978,963 |
| BLUE CROSS BLUE SHIELD OF TX | Recordkeeper | $1,969,922 | — | $1,969,922 |
| BLUE ADVANTAGE ADMINISTRATORS OF AR | Recordkeeper | $1,715,753 | — | $1,715,753 |
| BLUE CROSS BLUE SHIELD OF AL | Recordkeeper | $1,468,072 | — | $1,468,072 |
| AETNA LIFE INSURANCE COMPANY | Recordkeeper | $843,047 | — | $843,047 |
| BLUE CROSS BLUE SHIELD OF NEBRASKA | Recordkeeper | $696,059 | — | $696,059 |
| BLUE CROSS BLUE SHIELD OF SC | Recordkeeper | $347,020 | — | $347,020 |
| WAGEWORKS | Recordkeeper | $144,098 | — | $144,098 |
| INSPIRA FINANCIAL | Recordkeeper | $100,878 | — | $100,878 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $183,866,020
- Estimated Expense Ratio: 267.974% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $14,038,816 | — | $14,038,816 | — | — |
| 2023 | $13,850,668 | — | $13,850,668 | — | — |
| 2022 | $12,339,470 | — | — | — | $12,339,470 |