BP Corporation North America Inc.
Updated Filing received by DOL
BP Corporation North America Inc., a manufacturing — chemical, wood, plastics employer in Houston, Texas, reported 24,825 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $412,353 in insurance premiums across 22 contracts and $359,254 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on October 15, 2025, within the extension window.
Who was paid on BP Corporation North America Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract BP Corporation North America Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Chicago, IL | $68,835 | $291,793 | $360,628 | 15 |
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.
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 BP Corporation North America Inc. 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
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 24,572 | 24,825 | +1.0% |
| Premiums filed | $1,273,587 | $412,353 | −67.6% |
| Broker commissions + fees | $394,001 | $359,254 | −8.8% |
| Commission rate | 0.0% | — | — |
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 |
|---|---|---|---|---|
| BP Corporation North America Inc Retiree Welfare Benefits Plan Ii#851 · insurance, general assets, trust | December 31, 2024 | October 15, 2025 | within extension | 24,825 |
| BP Consolidated Welfare Benefit Plan#504 · insurance, general assets, trust | March 31, 2025 | October 15, 2025 | before deadline | 15,121 |
| BP Executive Medical Plan#852 · insurance | March 31, 2025 | October 15, 2025 | before deadline | 281 |
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 BP Corporation North America Inc. pay in health insurance broker commissions in 2024?
BP Corporation North America Inc.'s 2024 Form 5500 reports $359,254 in broker commissions and fees across 22 insurance contracts ($68,835 in commissions, $290,419 in fees), with Mercer receiving the largest share.
Is BP Corporation North America Inc.'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 Aetna Life Insurance Co, Kaiser Foundation Health Plan of Washington.
How does BP Corporation North America Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for BP Corporation North America Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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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.