Southwest Gas Corporation

Las Vegas, NV UtilitiesNAICS 221210

Self-funded health planPlan year 2025Renews January
4,444Participants+3% vs. prior year
$10.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#2 of 3Utilities in NVBy participants

Overview

Southwest Gas Corporation sponsors a self-funded health plan that covered 4,444 participants in plan year 2025, up 3% 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
4,444 · prior year 4,296
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Southwest Gas Corporation Health and Welfare Benefit Plan A.k.a. Life Insurance and Health Plan, plan 501 (4,444 participants)
Broker compensation
$325K 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
Metropolitan Life Insurance CompanyLife, Business Travel Accident, Long-term disability2,477$5.2M$325K
Health AdvocateEmployee Assistance Program4,444$125K—

Pharmacy benefit estimate

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

$10.5M/ year

Estimated prescription spend: 4,444 participants × $2,371 national average per member. Usually higher once dependents are counted.

$274K–$675K/ year

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

Brands with a generic available$80K–$200K
Lower-cost therapeutic alternatives$117K–$244K
Generic pricing vs. actual cost$51K–$152K
PBM contract terms$26K–$79K
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
Southwest Gas Corporation
Sponsor EIN
88-0085720
Plan number
501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 88-0085720 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Southwest Gas Corporation Employees' Investment Plan
Type
401(k) plan
Participants
2,983

About this data

Source: Southwest Gas 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 Southwest Gas Corporation.

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