Capital One Financial Corporation
Updated Filing received by DOL
Capital One Financial Corporation, a finance & insurance employer in McLean, Virginia, reported 20,500 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $3.5M in insurance premiums across 15 contracts and $383,729 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 21, 2026, before the deadline.
Who was paid on Capital One Financial Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Capital One Financial Corporation filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Chicago, IL | $174,821 | $208,908 | $383,729 | 7 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "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 |
|---|---|---|---|---|
| Vision Service Planvision | 13,103 | $3.5M | — | — |
| Metlife Legal Planscoverage not coded | 3,322 | — | — | — |
| Selecthealthhealth, HMO | 2,479 | — | — | — |
| Metropolitan Life Insurance Companycoverage not coded | 5 | — | — | — |
| Metropolitan Life Insurance Companydental | 33,566 | — | — | — |
| Hawaii Medical Service Associationhealth | 6 | — | — | — |
| Life Insurance Company of North Americacoverage not coded | 19,561 | — | $29,107 | — |
| Life Insurance Company of North Americacoverage not coded | 5,066 | — | $42,226 | — |
| Life Insurance Company of North Americacoverage not coded | 19,086 | — | — | — |
| Metropolitan Life Insurance Companyhealth | 12,486 | — | $27,347 | — |
| Metropolitan Life Insurance Companyhealth | 6,582 | — | $46,951 | — |
| United Behavioral Health dba Optumcoverage not coded | 18,805 | — | — | — |
| Metropolitan Life Insurance Companyhealth | 22 | — | $536 | — |
| Hartford Life and Accidentlife, long-term disability | 19,326 | — | $172,709 | — |
| Metropolitan Life Insurance Companyhealth | 10,895 | — | $64,853 | — |
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 Capital One Financial Corporation 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 | 46,388 | 20,500 | −55.8% |
| Premiums filed | $0 | $3,477,878 | not comparable |
| Broker commissions + fees | $696,601 | $383,729 | −44.9% |
| 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 |
|---|---|---|---|---|
| Discover Financial Services Welfare Benefits Plan#501 · insurance, general assets | December 31, 2025 | July 21, 2026 | before deadline | 20,500 |
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 Capital One Financial Corporation pay in health insurance broker commissions in 2025?
Capital One Financial Corporation's 2025 Form 5500 reports $383,729 in broker commissions and fees across 15 insurance contracts ($174,821 in commissions, $208,908 in fees), with Mercer receiving the largest share.
Is Capital One Financial Corporation'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 Selecthealth, Hawaii Medical Service Association, Metropolitan Life Insurance Company.
How does Capital One Financial Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Capital One Financial Corporation 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.