NGL Energy Holdings, LLC

Tulsa, OK Mining & energyNAICS 211120

Self-funded health planPlan year 2025Renews January
572Participants-14% vs. prior year
$1.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#7 of 8Mining & energy in OKBy participants

Overview

NGL Energy Holdings, LLC sponsors a self-funded health plan that covered 572 participants in plan year 2025, down 14% 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
572 · prior year 664
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
NGL Energy Holdings, LLC Health and Welfare Plan, plan 502 (572 participants)
Broker compensation
$14K 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, Long-term disability442$379K$14K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision852$55K—
Magellan HealthcareEmployee Assistance Program500$5K—

Pharmacy benefit estimate

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

$1.4M/ year

Estimated prescription spend: 572 participants × $2,371 national average per member. Usually higher once dependents are counted.

$35K–$87K/ year

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

Brands with a generic available$10K–$26K
Lower-cost therapeutic alternatives$15K–$31K
Generic pricing vs. actual cost$7K–$20K
PBM contract terms$3K–$10K
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 2025
Plan sponsor
NGL Energy Holdings, LLC
Sponsor EIN
27-3423067
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 27-3423067 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
NGL Energy 401(k) Plan
Type
401(k) plan
Participants
1,254

About this data

Source: NGL Energy Holdings, LLC'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 NGL Energy Holdings, LLC.

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