Pacific Gas and Electric Company

Oakland, CA UtilitiesNAICS 221100

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
28,012Participants+4% vs. prior year
$66.4MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 5Utilities in CABy participants

Overview

Pacific Gas and Electric Company sponsors a self-funded health plan that covered 28,012 participants in plan year 2025, up 4% from the prior year. The plan year starts in January. 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
28,012 · prior year 27,024
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Pacific Gas and Electric Company Health Care Plan for Active Employees, plan 541 (28,012 participants); Pacific Gas and Electric Company Health Care Flexible Spending Account Plan, plan 526 (6,058 participants)
Broker compensation
$463K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeveranceDeath benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife26,205$30.2M$463K
Kaiser Foundation Health Plan Inc.Medical, Prescription drug, HMO5,434$29.5M—
Health NetMedical, Prescription drug, HMO430$3.1M—
Kaiser Foundation Health Plan, Inc.Medical, Prescription drug, HMO51$1.3M—
Blue Shield of CaliforniaMedical, Prescription drug, HMO149$1.2M—

Pharmacy benefit estimate

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

$66.4M/ year

Estimated prescription spend: 28,012 participants × $2,371 national average per member. Usually higher once dependents are counted.

$1.7M–$4.3M/ year

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

Brands with a generic available$505K–$1.3M
Lower-cost therapeutic alternatives$737K–$1.5M
Generic pricing vs. actual cost$319K–$956K
PBM contract terms$166K–$498K
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
Pacific Gas and Electric Company
Sponsor EIN
94-0742640
Plan numbers
541, 526
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 94-0742640 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Pacific Gas and Electric Company Retirement Plan
Type
Pension plan
Participants
59,597

About this data

Source: Pacific Gas and Electric 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 Pacific Gas and Electric Company.

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