Buckeye Pipe Line Services Company

Houston, TX Transportation & logisticsNAICS 486000

Self-funded health planPlan year 2025Renews January
1,804Participants-1% vs. prior year
$4.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#12 of 27Transportation & logistics in TXBy participants

Overview

Buckeye Pipe Line Services Company sponsors a self-funded health plan that covered 1,804 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
1,804 · prior year 1,825
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Buckeye Pipe Line Services Company Health and Welfare Plan, plan 501 (1,804 participants); Buckeye Pipe Line Services Company Health and Welfare Plan for Retired Employees, plan 511 (358 participants)
Broker compensation
$94K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath 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, Long-term disability1,792$2.1M$94K
Metropolitan Life Insurance CompanyVision1,527$177K—

Pharmacy benefit estimate

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

$4.3M/ year

Estimated prescription spend: 1,804 participants × $2,371 national average per member. Usually higher once dependents are counted.

$111K–$274K/ year

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

Brands with a generic available$33K–$81K
Lower-cost therapeutic alternatives$47K–$99K
Generic pricing vs. actual cost$21K–$62K
PBM contract terms$11K–$32K
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
Buckeye Pipe Line Services Company
Sponsor EIN
23-2873501
Plan numbers
501, 511
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 23-2873501 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Buckeye Pipe Line Services Company Retirement and Savings Plan
Type
401(k) plan
Participants
2,254

About this data

Source: Buckeye Pipe Line Services Company'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 Buckeye Pipe Line Services Company.

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