Wood Group US Holdings, Inc.

Houston, TX Professional servicesNAICS 541600

Self-funded health planPlan year 2025Renews January
5,302Participants-13% vs. prior year
$12.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#3 of 81Professional services in TXBy participants

Overview

Wood Group US Holdings, Inc. sponsors a self-funded health plan that covered 5,302 participants in plan year 2025, down 13% 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
5,302 · prior year 6,116
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Wood Group Health and Welfare Benefits Plan, plan 508 (5,302 participants); Wood Group US Holdings, Inc. Flexible Benefit Plan, plan 512 (552 participants)
Broker compensation
$1.2M across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

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

CarrierCoverageCoveredPremiumBroker comp
Securian Life Insurance CompanyLife, Accidental Death and Dismemberment, Accident, Critical Illness, Hospital Indemnity5,353$4.2M$1.0M
Lincoln National Life Insurance CompanyShort-term disability, Long-term disability2,664$1.1M$88K
Vision Service PlanVision1,105$271K$14K
Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.Vision3,145$199K$19K
Arag Services, LLCLegal840$132K$17K
Carelon Behavioral HealthEmployee Assistance Program3,950$69K—
LloydsAccidental Death and Dismemberment, War , War Risk,di6,000$18K$2K

Pharmacy benefit estimate

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

$12.6M/ year

Estimated prescription spend: 5,302 participants × $2,371 national average per member. Usually higher once dependents are counted.

$327K–$806K/ year

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

Brands with a generic available$96K–$239K
Lower-cost therapeutic alternatives$140K–$292K
Generic pricing vs. actual cost$60K–$181K
PBM contract terms$31K–$94K
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
Wood Group US Holdings, Inc.
Sponsor EIN
76-0688757
Plan numbers
508, 512
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 76-0688757 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: Wood Group US Holdings, 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 Wood Group US Holdings, Inc..

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