Cactus Drilling Company, LLC

Oklahoma City, OK ConstructionNAICS 238900

Self-funded health planPlan year 2024Renews May
1,046ParticipantsFirst year on file
$2.5MEst. pharmacy spend / yrParticipants × national avg.
May 2027Next renewalPlan year begins May 1
#2 of 3Construction in OKBy participants

Overview

Cactus Drilling Company, LLC sponsors a self-funded health plan that covered 1,046 participants in plan year 2024. The plan year starts in May. 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
1,046
Plan year
Begins May 1 · next renewal May 2027
Health plans filed
Cactus Drilling Company, LLC Group Insurance Plan, plan 501 (1,046 participants)
Broker compensation
$40K 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
Standard Insurance CompanyLife, Long-term disability1,009$364K$30K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision2,659$132K$10K

Pharmacy benefit estimate

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

$2.5M/ year

Estimated prescription spend: 1,046 participants × $2,371 national average per member. Usually higher once dependents are counted.

$64K–$159K/ year

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

Brands with a generic available$19K–$47K
Lower-cost therapeutic alternatives$28K–$58K
Generic pricing vs. actual cost$12K–$36K
PBM contract terms$6K–$19K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning May 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Cactus Drilling Company, LLC
Sponsor EIN
27-0017663
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-0017663 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Cactus Drilling Company, LLC 401(k) Plan
Type
401(k) plan
Participants
2,198

About this data

Source: Cactus Drilling Company, LLC's Form 5500 filing for plan year 2024 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 Cactus Drilling Company, LLC.

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