Diversified Energy Company PLC

Birmingham, AL UtilitiesNAICS 221210

Self-funded health planPlan year 2024Renews October
1,719ParticipantsFirst year on file
$4.1MEst. pharmacy spend / yrParticipants × national avg.
Oct 2027Next renewalPlan year begins October 1
#1 of 1Utilities in ALBy participants

Overview

Diversified Energy Company PLC sponsors a self-funded health plan that covered 1,719 participants in plan year 2024. The plan year starts in October. 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
1,719
Plan year
Begins October 1 · next renewal October 2027
Health plans filed
Diversified Energy Company PLC Health & Welfare Plan, plan 503 (1,719 participants); Diversified Energy Company PLC Union Health & Welfare Plan, plan 504 (266 participants)
Broker compensation
$973K 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
Metropolitan Life Insurance CompanyDental, Vision, Life, Long-term disability4,020$5.9M$973K
ComPsychEmployee Assistance Program1,962$29K—
CompyschEmployee Assistance Program1,962$29K—

Pharmacy benefit estimate

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

$4.1M/ year

Estimated prescription spend: 1,719 participants × $2,371 national average per member. Usually higher once dependents are counted.

$106K–$261K/ year

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

Brands with a generic available$31K–$77K
Lower-cost therapeutic alternatives$45K–$95K
Generic pricing vs. actual cost$20K–$59K
PBM contract terms$10K–$31K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning October 2027: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Diversified Energy Company PLC
Sponsor EIN
46-5279721
Plan numbers
503, 504
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 46-5279721 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Dgoc Employee Savings Plan
Type
401(k) plan
Participants
1,670

About this data

Source: Diversified Energy Company PLC'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 Diversified Energy Company PLC.

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