Subsea 7 US LLC

Houston, TX ConstructionNAICS 238900

Self-funded health planPlan year 2025Renews January
553Participants0% vs. prior year
$1.3MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#50 of 57Construction in TXBy participants

Overview

Subsea 7 US LLC sponsors a self-funded health plan that covered 553 participants in plan year 2025, about the same as 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
553 · prior year 553
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Subsea 7 Health and Welfare Plan, plan 502 (553 participants)
Broker compensation
$10K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Hartford Life and AccidentLong-term disability, Life652$481K$10K
Vision Service PlanVision546$110K—

Pharmacy benefit estimate

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

$1.3M/ year

Estimated prescription spend: 553 participants × $2,371 national average per member. Usually higher once dependents are counted.

$34K–$84K/ year

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

Brands with a generic available$10K–$25K
Lower-cost therapeutic alternatives$15K–$30K
Generic pricing vs. actual cost$6K–$19K
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
Subsea 7 US LLC
Sponsor EIN
94-3425630
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 94-3425630 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Subsea 7 401(k) Retirement Plan
Type
401(k) plan
Participants
858

About this data

Source: Subsea 7 US 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 Subsea 7 US LLC.

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