Murphy Oil Corporation
Overview
Murphy Oil Corporation sponsors a self-funded health plan that covered 736 participants in plan year 2025, up 7% 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
- 736 · prior year 685
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Murphy Oil Corporation Health & Welfare Plan, plan 520 (736 participants); Group Insurance Plan for Retired Employees of Murphy Oil Corporation, plan 519 (591 participants)
- Broker compensation
- $207K 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 |
|---|---|---|---|---|
| Prudential Insurance Company of America | Life | 1,297 | $1.1M | $125K |
| Life Insurance Company of North America | Long-term disability | 736 | $558K | $60K |
| Vision Service Plan | Vision | 643 | $143K | $6K |
| National Union Fire Ins. Co. of Pittsburgh, PA | Accidental Death and Dismemberment, Busi | 687 | $64K | $16K |
| United Behavioral Health DBA Optum | Employee Assistance Program | 720 | $15K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 736 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
- Murphy Oil Corporation
- Sponsor EIN
- 71-0361522
- Plan numbers
- 520, 519
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 71-0361522 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Retirement Plan of Murphy Oil Corporation
- Type
- Pension plan
- Participants
- 2,856
About this data
Source: Murphy Oil Corporation'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 Murphy Oil Corporation.