Alpena Alcona Area Credit Union
Updated Filing received by DOL
Alpena Alcona Area Credit Union, a finance & insurance employer in Alpena, Michigan, reported 129 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.2M in insurance premiums across 6 contracts and $82,322 in broker commissions and fees, 5.2% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on March 20, 2026, before the deadline.
Who was paid on Alpena Alcona Area Credit Union's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Alpena Alcona Area Credit Union filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Benefits Partner LLC · Sterling Heights, MI | $74,686 | $7,636 | $82,322 | 6 |
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 |
|---|---|---|---|---|
| Blue Care Network of Michiganhealth, HMO | 209 | $1.1M | $59,211 | 5.2% |
| Delta Dental of Michigandental | 232 | $74,171 | $7,691 | 10.4% |
| United of Omaha Life Insurance Companylong-term disability | 128 | — | $2,454 | — |
| United of Omaha Life Insurance Companylife | 131 | — | $3,213 | — |
| United of Omaha Life Insurance Companyshort-term disability | 128 | — | $8,203 | — |
| Vision Service Planvision | 115 | — | $1,550 | — |
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 Alpena Alcona Area Credit Union 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: $5,464 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
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 |
|---|---|---|---|---|
| Alpena Alcona Area Credit Union#501 · insurance | August 31, 2025 | March 20, 2026 | before deadline | 129 |
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 Alpena Alcona Area Credit Union pay in health insurance broker commissions in 2024?
Alpena Alcona Area Credit Union's 2024 Form 5500 reports $82,322 in broker commissions and fees across 6 insurance contracts ($74,686 in commissions, $7,636 in fees), with Benefits Partner LLC receiving the largest share.
Is Alpena Alcona Area Credit Union's health plan self-funded or fully insured?
The 2024 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by Blue Care Network of Michigan.
How does Alpena Alcona Area Credit Union's broker compensation compare with similar employers?
Alpena Alcona Area Credit Union paid 5.2% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Michigan is 3.2%. Percentages are computed only on fully insured medical contracts with filed premiums.
Send the full findings to your inbox.
A specialist writes up every finding for Alpena Alcona Area Credit Union with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
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.