Chesapeake Utilities Corporation

Dover, DE UtilitiesNAICS 221210

Self-funded health planPlan year 2025Renews January
1,343Participants-1% vs. prior year
$3.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 1Utilities in DEBy participants

Overview

Chesapeake Utilities Corporation sponsors a self-funded health plan that covered 1,343 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
1,343 · prior year 1,364
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Chesapeake Utilities Health & Welfare Benefits Plan, plan 501 (1,343 participants)
Broker compensation
$89K 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
The Guardian Life Insurance Company of AmericaLife, Short-term disability, Long-term disability1,300$1.1M$89K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision2,237$106K—

Pharmacy benefit estimate

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

$3.2M/ year

Estimated prescription spend: 1,343 participants × $2,371 national average per member. Usually higher once dependents are counted.

$83K–$204K/ year

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

Brands with a generic available$24K–$61K
Lower-cost therapeutic alternatives$35K–$74K
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 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
Chesapeake Utilities Corporation
Sponsor EIN
51-0064146
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 51-0064146 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Chesapeake Utilities Corporation Retirement Savings Plan
Type
401(k) plan
Participants
1,628

About this data

Source: Chesapeake Utilities Corporation'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 Chesapeake Utilities Corporation.

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