Gate Petroleum Company
Overview
Gate Petroleum Company sponsors a self-funded health plan that covered 1,996 participants in plan year 2025, up 11% from 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
- 1,996 · prior year 1,792
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Gate Petroleum Company Health and Welfare Plan, plan 501 (1,996 participants)
- Stop-loss carrier
- Pan-American Life Insurance Company
- Broker compensation
- $211K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Blue Cross Blue Shield of Florida | Medical | 250 | $2.5M | $68K |
| Metropolitan Life Insurance Company | Life, Short-term disability, Long-term disability | 2,543 | $524K | $44K |
| Cigna Health and Life Insurance Company and Affiliates | Dental | 1,148 | $444K | $11K |
| Continental American Insurance Company | Short-term disability | 1,022 | $341K | $61K |
| Pan-American Life Insurance Company | Stop-loss | 114 | $131K | $13K |
| Humana Insurance Company | Vision | 1,015 | $97K | $10K |
| Pre-Paid Legal Services Inc. DBA Legalshield | Legal Services Plan Memberships | 374 | $37K | $5K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,996 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Gate Petroleum Company
- Sponsor EIN
- 59-0904473
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 59-0904473 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Gate Petroleum Company 401(k) Plan and Trust
- Type
- 401(k) plan
- Participants
- 2,900
About this data
Source: Gate Petroleum 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 Gate Petroleum Company.