James Marine, Inc.

Paducah, KY Transportation & logisticsNAICS 483000

Self-funded health planPlan year 2025Renews June
669Participants-9% vs. prior year
$1.6MEst. pharmacy spend / yrParticipants × national avg.
Jun 2027Next renewalPlan year begins June 1
#4 of 6Transportation & logistics in KYBy participants

Overview

James Marine, Inc. sponsors a self-funded health plan that covered 669 participants in plan year 2025, down 9% from the prior year. The plan year starts in June. 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
669 · prior year 737
Plan year
Begins June 1 · next renewal June 2027
Health plans filed
James Marine Inc. Health and Welfare Benefit Plan, plan 501 (669 participants)
Broker compensation
$374K 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
Lincoln National Life Insurance CompanyLife, Long-term disability, Short-term disability723$614K$121K
Transamerica Life Insurance CompanyLife212$376K$194K
Delta Dental of KentuckyDental, Vision1,098$319K$58K

Pharmacy benefit estimate

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

$1.6M/ year

Estimated prescription spend: 669 participants × $2,371 national average per member. Usually higher once dependents are counted.

$41K–$102K/ year

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

Brands with a generic available$12K–$30K
Lower-cost therapeutic alternatives$18K–$37K
Generic pricing vs. actual cost$8K–$23K
PBM contract terms$4K–$12K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning June 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
James Marine, Inc.
Sponsor EIN
61-0526973
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 61-0526973 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
James Marine, Inc./paducah River Service 401(k) Retirement Plan.
Type
401(k) plan
Participants
565

About this data

Source: James Marine, Inc.'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 James Marine, Inc..

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