Suburban Propane L.P.

Whippany, NJ RetailNAICS 454310

Self-funded health planPlan year 2025Renews January
3,158Participants0% vs. prior year
$7.5MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#5 of 16Retail in NJBy participants

Overview

Suburban Propane L.P. sponsors a self-funded health plan that covered 3,158 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, prepaid legal, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
3,158 · prior year 3,174
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Suburban Propane L.P. and Subsidiaries Group Insurance Plan, plan 601 (3,158 participants); Suburban Propane L.P. and Subsidiaries Reimbursement Plan, plan 536 (176 participants)
Broker compensation
$75K across insured contracts
MedicalLife insuranceDentalVisionPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Reliance Standard Life Insurance CompanyLife3,049$2.0M$19K
Lincoln National Life Insurance CompanyLong-term disability1,557$650K$23K
Fidelity Security Life Insurance CompanyVision2,931$338K$8K
UnitedHealthcareMedical, PPO56$118K$6K
Hartford Life and AccidentAccidental Death and Dismemberment1,592$116K$19K
Express Scripts Inc.Prescription drug56$108K—
MetLife Legal PlansLegal426$89K—
Alpha Dental Programs, Inc.Dental321$52K—
ComPsychEmployee Assistance Program3,353$51K—
Hartford Fire Insurance CompanyBusiness Travel Accident3,482$2K$620

Pharmacy benefit estimate

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

$7.5M/ year

Estimated prescription spend: 3,158 participants × $2,371 national average per member. Usually higher once dependents are counted.

$195K–$480K/ year

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

Brands with a generic available$57K–$142K
Lower-cost therapeutic alternatives$83K–$174K
Generic pricing vs. actual cost$36K–$108K
PBM contract terms$19K–$56K
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
Suburban Propane L.P.
Sponsor EIN
22-3410352
Plan numbers
601, 536
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 22-3410352 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Suburban Propane Retirement Savings and Investment Plan
Type
401(k) plan
Participants
4,815

About this data

Source: Suburban Propane L.P.'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 Suburban Propane L.P..

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