Cascade Drilling, LP

Bothell, WA ConstructionNAICS 238900

Self-funded health planPlan year 2025Renews January
739Participants-2% vs. prior year
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 11Construction in WABy participants

Overview

Cascade Drilling, LP sponsors a self-funded health plan that covered 739 participants in plan year 2025, down 2% from 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
739 · prior year 757
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Cascade Drilling Welfare Benefit, plan 501 (739 participants)
Broker compensation
$63K 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
Sun Life Assurance Company of CanadaLife, Long-term disability739$654K$63K
Delta Dental of WashingtonDental1,262$397K—
Curalinc LLCEmployee Assistance Program745$13K—

Pharmacy benefit estimate

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

$1.8M/ year

Estimated prescription spend: 739 participants × $2,371 national average per member. Usually higher once dependents are counted.

$46K–$112K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$41K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
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
Cascade Drilling, LP
Sponsor EIN
27-0642404
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-0642404 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Cascade Drilling LP and ITS Subsidiaries 401(k) Retirement Plan and Trust
Type
401(k) plan
Participants
1,202

About this data

Source: Cascade Drilling, LP'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 Cascade Drilling, LP.

Request a correction · Methodology