Walker Engineering Inc.

Irving, TX ConstructionNAICS 238210

Self-funded health planPlan year 2024Renews April
1,569ParticipantsFirst year on file
$3.7MEst. pharmacy spend / yrParticipants × national avg.
Apr 2027Next renewalPlan year begins April 1
#14 of 57Construction in TXBy participants

Overview

Walker Engineering Inc. sponsors a self-funded health plan that covered 1,569 participants in plan year 2024. The plan year starts in April. 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
1,569
Plan year
Begins April 1 · next renewal April 2027
Health plans filed
Walker Engineering, plan 502 (1,569 participants)
Broker compensation
$206K 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
The Lincoln National Life Insurance CompanyLife, Short-term disability, Long-term disability1,569$821K$126K
The Guardian Life Insurance Company of AmericaAccident, Critical Illness, Hospital503$267K$80K
Metropolitan Life Insurance CompanyVision1,832$48K—

Pharmacy benefit estimate

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

$3.7M/ year

Estimated prescription spend: 1,569 participants × $2,371 national average per member. Usually higher once dependents are counted.

$97K–$238K/ year

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

Brands with a generic available$28K–$71K
Lower-cost therapeutic alternatives$41K–$86K
Generic pricing vs. actual cost$18K–$54K
PBM contract terms$9K–$28K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning April 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Walker Engineering Inc.
Sponsor EIN
04-3594063
Plan number
502
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 04-3594063 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Walker Engineering Inc.'s Form 5500 filing for plan year 2024 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 Walker Engineering Inc..

Request a correction · Methodology