Gulf Reserve LLC

Garden City, NY Finance & insuranceNAICS 524290

Self-funded health planPlan year 2024Renews April
932ParticipantsFirst year on file
$2.2MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#34 of 59Finance & insurance in NYBy participants

Overview

Gulf Reserve LLC sponsors a self-funded health plan that covered 932 participants in plan year 2024. The plan year starts in April. 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
932
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Gulf Reserve LLC Health and Welfare Plan, plan 501 (932 participants)
Broker compensation
$38K 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
Metropolitan Life Insurance CompanyDental, Vision261$109K$19K
Reliance Standard Life Insurance CompanyLife, Long-term disability395$72K$19K

Pharmacy benefit estimate

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

$2.2M/ year

Estimated prescription spend: 932 participants × $2,371 national average per member. Usually higher once dependents are counted.

$57K–$142K/ year

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

Brands with a generic available$17K–$42K
Lower-cost therapeutic alternatives$25K–$51K
Generic pricing vs. actual cost$11K–$32K
PBM contract terms$6K–$17K
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
Gulf Reserve LLC
Sponsor EIN
88-0918246
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 88-0918246 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Gulf Reserve 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 Gulf Reserve LLC.

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