Boats Group, LLC
Updated Filing received by DOL
Boats Group, LLC, a professional & technical services employer in Miami, Florida, reported 229 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 8 insurance contracts with no premium reported and $168,336 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on May 7, 2026, before the deadline.
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 |
|---|---|---|---|---|
| Cigna Health and Life Insurance Companyhealth, dental, vision, indemnity | 171 | — | $133,173 | — |
| The Lincoln National Life Insurance Companylife | 199 | — | $3,213 | — |
| The Lincoln National Life Insurance Companylong-term disability | 146 | — | $7,104 | — |
| The Lincoln National Life Insurance Companyshort-term disability | 144 | — | $16,409 | — |
| Lincoln Life & Annuity Company of New Yorkcoverage not coded | 2 | — | $92 | — |
| The Lincoln National Life Insurance Companycoverage not coded | 95 | — | $3,400 | — |
| The Lincoln National Life Insurance Companycoverage not coded | 54 | — | $3,313 | — |
| The Lincoln National Life Insurance Companycoverage not coded | 53 | — | $1,632 | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Boats Group, 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.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 240 | 229 | −4.6% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $182,323 | $168,336 | −7.7% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
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 |
|---|---|---|---|---|
| Boats Group, LLC Health and Welfare Benefit Plan#501 · insurance, general assets | December 31, 2025 | May 7, 2026 | before deadline | 229 |
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 Boats Group, LLC pay in health insurance broker commissions in 2025?
Boats Group, LLC's 2025 Form 5500 reports $168,336 in broker commissions and fees across 8 insurance contracts ($37,233 in commissions, $131,103 in fees).
Is Boats Group, LLC's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Cigna Health and Life Insurance Company.
How does Boats Group, LLC's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Boats Group, LLC because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 200-499 participants that disclosed broker pay reported a median of $77,013.
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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.