Devon Energy Corporation

Oklahoma City, OK Mining & energyNAICS 211120

Self-funded health planPlan year 2025Renews January
2,322Participants+1% vs. prior year
$5.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 8Mining & energy in OKBy participants

Overview

Devon Energy Corporation sponsors a self-funded health plan that covered 2,322 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
2,322 · prior year 2,305
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Devon Energy Corporation Employee Benefit Plan, plan 501 (2,322 participants); Devon Energy Corp. Legacy Post-65 Premium Reimbursement Plan, plan 527 (114 participants); Pennzenergy Medical and Dental Plan, plan 504 (88 participants); Devon Energy Corp. Pre-65 Retiree Medical Plan, plan 526 (88 participants)
Broker compensation
$67K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Co. of AmericaLife, Long-term disability2,623$2.8M$67K

Pharmacy benefit estimate

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

$5.5M/ year

Estimated prescription spend: 2,322 participants × $2,371 national average per member. Usually higher once dependents are counted.

$143K–$353K/ year

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

Brands with a generic available$42K–$105K
Lower-cost therapeutic alternatives$61K–$128K
Generic pricing vs. actual cost$26K–$79K
PBM contract terms$14K–$41K
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
Devon Energy Corporation
Sponsor EIN
73-1567067
Plan numbers
501, 527, 504, 526
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 73-1567067 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Devon Energy Corporation Incentive Savings Plan
Type
401(k) plan
Participants
3,592

About this data

Source: Devon Energy 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 Devon Energy Corporation.

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