Frank's International, LLC

Houston, TX Mining & energyNAICS 213110

Self-funded health planPlan year 2024Renews January
925ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#30 of 43Mining & energy in TXBy participants

Overview

Frank's International, LLC sponsors a self-funded health plan that covered 925 participants in plan year 2024. 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
925
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Franks International Health and Welfare Plan, plan 501 (925 participants)
Broker compensation
$92K 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
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability953$954K$84K
Unum Life Insurance Company of AmericaAccident, Critical Illness315$96K$7K
Eyemed Vision Care on Behalf of Combined Insurance Company of AmericaVision2,697$92K—
National Union Fire Insurance Company of Pittsburgh, PA.Business Travel Accident910$754$113

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 925 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$141K/ year

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

Brands with a generic available$17K–$42K
Lower-cost therapeutic alternatives$24K–$51K
Generic pricing vs. actual cost$11K–$32K
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 2024
Plan sponsor
Frank's International, LLC
Sponsor EIN
76-0220152
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 76-0220152 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Expro U.S. Employee 401(k) Plan
Type
401(k) plan
Participants
1,824

About this data

Source: Frank's International, LLC'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 Frank's International, LLC.

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