Chet Morrison Contractors LLC

Houma, LA ConstructionNAICS 237990

Self-funded health planPlan year 2025Renews January
878Participants0% vs. prior year
$2.1MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 5Construction in LABy participants

Overview

Chet Morrison Contractors LLC sponsors a self-funded health plan that covered 878 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, long-term disability.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
878 · prior year 878
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Chet Morrison Contractors LLC Welfare Benefit Plan, plan 502 (878 participants)
Broker compensation
$179K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
The Lincoln National Life Insurance CompanyAccident, Critical Illness, Life, Long-term disability, Short-term disability377$470K$132K
Companion Life Insurance CompanyDental, Vision422$210K$47K

Pharmacy benefit estimate

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

$2.1M/ year

Estimated prescription spend: 878 participants × $2,371 national average per member. Usually higher once dependents are counted.

$54K–$133K/ year

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

Brands with a generic available$16K–$40K
Lower-cost therapeutic alternatives$23K–$48K
Generic pricing vs. actual cost$10K–$30K
PBM contract terms$5K–$16K
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
Chet Morrison Contractors LLC
Sponsor EIN
72-1001398
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 72-1001398 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Chet Morrison Contractors LLC'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 Chet Morrison Contractors LLC.

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