Bishop Lifting Products, Inc.

Houston, TX ManufacturingNAICS 333900

Self-funded health planPlan year 2025Renews January
794Participants+1% vs. prior year
$1.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#103 of 149Manufacturing in TXBy participants

Overview

Bishop Lifting Products, Inc. sponsors a self-funded health plan that covered 794 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
794 · prior year 789
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Bishop Lifting Products, Inc. Welfare Benefit Plan, plan 501 (794 participants)
Broker compensation
$122K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability787$750K$105K
Bluecross Blueshield of TexasDental1,012$225K$11K
Dearborn Life Insurance CompanyVision504$56K$6K

Pharmacy benefit estimate

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

$1.9M/ year

Estimated prescription spend: 794 participants × $2,371 national average per member. Usually higher once dependents are counted.

$49K–$121K/ year

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

Brands with a generic available$14K–$36K
Lower-cost therapeutic alternatives$21K–$44K
Generic pricing vs. actual cost$9K–$27K
PBM contract terms$5K–$14K
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
Bishop Lifting Products, Inc.
Sponsor EIN
45-5480960
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 45-5480960 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Bishop Lifting Products, 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 Bishop Lifting Products, Inc..

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