Diesel Direct

Stoughton, MA RetailNAICS 454390

Self-funded health planPlan year 2024Renews April
725ParticipantsFirst year on file
$1.7MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#19 of 20Retail in MABy participants

Overview

Diesel Direct sponsors a self-funded health plan that covered 725 participants in plan year 2024. The plan year starts in April. 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
725
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Diesel Direct Welfare Plan, plan 505 (725 participants)
Broker compensation
$116K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitian Life Insurance CompanyDental1,314$396K$27K
Symetra Life Insurance CompanyLife, Short-term disability, Long-term disability725$320K$86K
Vision Service PlanVision437$73K$2K

Pharmacy benefit estimate

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

$1.7M/ year

Estimated prescription spend: 725 participants × $2,371 national average per member. Usually higher once dependents are counted.

$45K–$110K/ year

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

Brands with a generic available$13K–$33K
Lower-cost therapeutic alternatives$19K–$40K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Diesel Direct
Sponsor EIN
04-3280313
Plan number
505
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-3280313 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Fuelloc 401(k)
Type
401(k) plan
Participants
1,417

About this data

Source: Diesel Direct'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 Diesel Direct.

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