Patterson-Uti Energy, Inc.

Houston, TX Mining & energyNAICS 211120

Self-funded health planPlan year 2025Renews January
8,576Participants-11% vs. prior year
$20.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 43Mining & energy in TXBy participants

Overview

Patterson-Uti Energy, Inc. sponsors a self-funded health plan that covered 8,576 participants in plan year 2025, down 11% 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
8,576 · prior year 9,594
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Patterson-Uti Energy Inc. Cafeteria Plan, plan 501 (8,576 participants)
Broker compensation
$445K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Metropolitan Life Insurance CompanyLife, Short-term disability, Long-term disability14,853$12.4M$310K
Vision Service PlanVision6,068$917K$95K
MetLife Legal PlansLegal1,115$246K$40K

Pharmacy benefit estimate

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

$20.3M/ year

Estimated prescription spend: 8,576 participants × $2,371 national average per member. Usually higher once dependents are counted.

$529K–$1.3M/ year

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

Brands with a generic available$155K–$386K
Lower-cost therapeutic alternatives$226K–$472K
Generic pricing vs. actual cost$98K–$293K
PBM contract terms$51K–$153K
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
Patterson-Uti Energy, Inc.
Sponsor EIN
75-2504748
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 75-2504748 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Patterson-Uti Energy, Inc. 401(k) Profit Sharing Plan
Type
401(k) plan
Participants
12,268

About this data

Source: Patterson-Uti Energy, 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 Patterson-Uti Energy, Inc..

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