Form 5500 · Employee benefit plan · THE WOODLANDS, TX
BAYWATER DRILLING, LLC
The filing calls this plan BAYWATER DRILLING EMPLOYEE BENEFITS PLAN.
Public Form 5500 records show how BAYWATER DRILLING, LLC of THE WOODLANDS, TX, a mining and energy extraction employer, structures its employee benefits. Its broker of record is USI SOUTHWEST, INC.. Coverage is written through BLUECROSS BLUESHIELD OF TEXAS and 3 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 46-2713649 · plan 501 · plan year 2023, filed Mar 25, 2026
Get an email when this employer files a new Form 5500, and again about four months before its plan renews.
4,208 other employer plans in Texas have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Fully insured as reported
The filing reports medical coverage through an insurance contract on Schedule A, and no money paid for benefits by the plan itself.
Benefits declared on this filing
Also declared: death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 4 insured contracts covering health, dental, vision, life and disability; the largest, with BLUECROSS BLUESHIELD OF TEXAS, covers 1,042 people.
Reported premium across the insured contracts is $6,141,003, with $238,405 in disclosed broker commissions — about 3.9% of premium.
The health contract's policy period ended in December, while at least one ancillary line's policy period ended in February. The plan is on a split renewal cycle.
USI SOUTHWEST, INC. is the broker of record on all 4 contracts.
4 carriers appear on the filing, including BLUECROSS BLUESHIELD OF TEXAS, METROPOLITAN LIFE INSURANCE COMPANY, VISION SERVICE PLAN and PRUDENTIAL INSURANCE COMPANY OF AMERICA. BLUECROSS BLUESHIELD OF TEXAS writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| BLUECROSS BLUESHIELD OF TEXAS | Health, Dental | 1,042 | Jan 1, 2024 | $5,939,554 | $218,233 |
| METROPOLITAN LIFE INSURANCE COMPANY | Life, Disability | 279 | Jan 1, 2024 | $121,959 | $14,460 |
| PRUDENTIAL INSURANCE COMPANY OF AMERICA | Life, Disability | 415 | Mar 1, 2023 | $36,893 | $3,689 |
| VISION SERVICE PLAN | Vision | 196 | Jan 1, 2024 | $42,597 | $2,023 |
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
How this plan compares
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Renewal calendar
4,208 other employer plans in Texas are January 1 renewals (policy year ends December).
Their policy years end in December, like this plan’s, so most renew January 1. The calendar lists every insured group by renewal date and state, with broker of record, carrier and disclosed commission. You can preview the five largest in each month for free.
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