Diamond Offshore Management Company

Houston, TX Mining & energyNAICS 211120

Self-funded health planPlan year 2025Renews January
1,282Participants+2% vs. prior year
$3.0MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#22 of 43Mining & energy in TXBy participants

Overview

Diamond Offshore Management Company sponsors a self-funded health plan that covered 1,282 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, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,282 · prior year 1,260
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Diamond Offshore Health and Welfare Benefit Plan, plan 501 (1,282 participants)
Broker compensation
$113K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaAccident, Hospital Indemnity, Critical I, Life, Long-term disability1,315$2.3M$112K
Vision Service PlanVision1,545$167K—
Curalinc LLCEmployee Assistance Program1,315$20K—

Pharmacy benefit estimate

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

$3.0M/ year

Estimated prescription spend: 1,282 participants × $2,371 national average per member. Usually higher once dependents are counted.

$79K–$195K/ year

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

Brands with a generic available$23K–$58K
Lower-cost therapeutic alternatives$34K–$71K
Generic pricing vs. actual cost$15K–$44K
PBM contract terms$8K–$23K
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
Diamond Offshore Management Company
Sponsor EIN
13-3560049
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 13-3560049 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Diamond Offshore 401(k) Plan
Type
401(k) plan
Participants
1,361

About this data

Source: Diamond Offshore Management Company'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 Diamond Offshore Management Company.

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