Form 5500 · Employee benefit plan · GREENVILLE, AL
HYUNDAI STEEL
The filing calls this plan HYUNDAI STEEL AMERICA, INC. HEALTH & WELFARE WRAP PLAN.
HYUNDAI STEEL of GREENVILLE, AL spreads its employee benefits across 3 insurance carriers, according to its Form 5500 Schedule A. Its broker of record is MARSH & MCLENNAN AGENCY, LLC. Coverage is written through BLUE CROSS AND BLUE SHIELD OF ALABAMA and 2 other carriers. The plan's most recent policy period ended in June.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 20-0015916 · plan 502 · plan year 2025, filed Sep 1, 2026
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How this plan is funded
Fully insured as reported
The filing reports medical coverage through an insurance contract on Schedule A, and no money paid for benefits by the plan itself.
Benefits declared on this filing
Also declared: other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 3 insured contracts covering health, dental, vision, life and disability; the largest, with BLUE CROSS AND BLUE SHIELD OF ALABAMA, covers 191 people.
Reported premium across the insured contracts is $1,544,335, with $39,123 in disclosed broker commissions — about 2.5% of premium.
The health contract's policy period ended in June, while at least one ancillary line's policy period ended in December. The plan is on a split renewal cycle.
MARSH & MCLENNAN AGENCY, LLC is the broker of record on 1 of the 3 contracts; the rest name a different broker or none.
3 carriers appear on the filing, including BLUE CROSS AND BLUE SHIELD OF ALABAMA, NATIONWIDE LIFE INSURANCE COMPANY and PRUDENTIAL INSURANCE COMPANY OF AMERICA. BLUE CROSS AND BLUE SHIELD OF ALABAMA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| PRUDENTIAL INSURANCE COMPANY OF AMERICA | Life, Disability | 102 | Jan 1, 2025 | $170,063 | $39,123 |
| BLUE CROSS AND BLUE SHIELD OF ALABAMA | Health, Dental, Vision | 191 | Jul 1, 2025 | $1,190,900 | $0 |
| NATIONWIDE LIFE INSURANCE COMPANY | Life | 102 | Jul 1, 2025 | $183,372 | $0 |
Premium and claims on this contract
BLUE CROSS AND BLUE SHIELD OF ALABAMA, contract 0050923. For the contract year on this filing, the carrier reported $1,190,900 in premium earned and $908,035 in claims incurred. Dividing one by the other gives 76%.
- BLUE CROSS AND BLUE SHIELD OF ALABAMA, contract 0050923 reported $131,200 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Reported to OSHA
Reported to OSHA for 2025: 85 employees, 6 recordable cases, 13 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
Other plans filed by this employer
How this plan compares
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