Alabama Shipyard LLC
Updated Filing received by DOL
Alabama Shipyard LLC, a manufacturing — metal, equipment, transportation employer in Mobile, Alabama, reported 196 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.0M in insurance premiums across 8 contracts and $59,294 in broker commissions and fees, 0.0% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on December 17, 2025, before the deadline.
Who was paid on Alabama Shipyard LLC's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Alabama Shipyard LLC filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Richard Lemuel Otts JR · Mobile, AL | $23,101 | $0 | $23,101 | 4 |
| Anthony S Waters · Mobile, AL | $23,101 | $0 | $23,101 | 4 |
| Anthony Scott Waters · Mobile, AL | $13,092 | $0 | $13,092 | 3 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Bluecross and Blueshield of Alabamahealth, prescription drug, PPO | 157 | $2.0M | — | — |
| Vision Service Planvision | 153 | — | $1,691 | — |
| The Lincoln National Life Insurance Companycoverage not coded | 79 | — | $6,849 | — |
| The Lincoln National Life Insurance Companycoverage not coded | 52 | — | $4,552 | — |
| The Lincoln National Life Insurance Companylife | 79 | — | $9,096 | — |
| The Lincoln National Life Insurance Companylong-term disability | 194 | — | $7,822 | — |
| The Lincoln National Life Insurance Companylife | 194 | — | $16,760 | — |
| The Lincoln National Life Insurance Companyshort-term disability | 194 | — | $12,524 | — |
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Alabama Shipyard LLC compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Premium per covered person on medical contracts: $12,592 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 196 | 196 | +0.0% |
| Premiums filed | $2,022,861 | $1,977,008 | −2.3% |
| Broker commissions + fees | $56,161 | $59,294 | +5.6% |
| Commission rate | 0.0% | 0.0% | +0.0 pts |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Alabama Shipyard LLC Employee Benefits Plan#501 · insurance, general assets | July 31, 2025 | December 17, 2025 | before deadline | 196 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Alabama Shipyard LLC pay in health insurance broker commissions in 2024?
Alabama Shipyard LLC's 2024 Form 5500 reports $59,294 in broker commissions and fees across 8 insurance contracts ($59,294 in commissions, $0 in fees), with Richard Lemuel Otts JR receiving the largest share.
Is Alabama Shipyard LLC's health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Bluecross and Blueshield of Alabama.
How does Alabama Shipyard LLC's broker compensation compare with similar employers?
Alabama Shipyard LLC paid 0.0% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Alabama is 3.7%. Percentages are computed only on fully insured medical contracts with filed premiums.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.