Caviness Beef Packers Ltd

Amarillo, TX ManufacturingNAICS 311610

Self-funded health planPlan year 2024Renews December
1,333ParticipantsFirst year on file
$3.2MEst. pharmacy spend / yrParticipants × national avg.
Dec 2026Next renewalPlan year begins December 1
#61 of 149Manufacturing in TXBy participants

Overview

Caviness Beef Packers Ltd sponsors a self-funded health plan that covered 1,333 participants in plan year 2024. The plan year starts in December. Alongside medical, its benefits filing reports life insurance, dental, vision.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,333
Plan year
Begins December 1 · next renewal December 2026
Health plans filed
Caviness Beef Packers Ltd Health Benefit Plan, plan 501 (1,333 participants)
MedicalLife insuranceDentalVision

Pharmacy benefit estimate

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

$3.2M/ year

Estimated prescription spend: 1,333 participants × $2,371 national average per member. Usually higher once dependents are counted.

$82K–$203K/ year

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

Brands with a generic available$24K–$60K
Lower-cost therapeutic alternatives$35K–$73K
Generic pricing vs. actual cost$15K–$46K
PBM contract terms$8K–$24K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning December 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Caviness Beef Packers Ltd
Sponsor EIN
75-2966835
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 75-2966835 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Caviness Beef Packers Ltd 401(k) Plan
Type
401(k) plan
Participants
1,267

About this data

Source: Caviness Beef Packers Ltd'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 Caviness Beef Packers Ltd.

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