Coastal1 Credit Union
Updated Filing received by DOL
Coastal1 Credit Union, a finance & insurance employer in Pawtucket, Rhode Island, reported 288 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $5.2M in insurance premiums across 4 contracts and $59,683 in broker commissions and fees, 0.3% 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 April 21, 2026, before the deadline.
Who was paid on Coastal1 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 Coastal1 Credit Union filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Sylvia Group · Dartmouth, MA | $27,720 | $8,881 | $36,601 | 2 |
| Sylvia Group an Alera Group Agency · Dartmouth, MA | $17,070 | $0 | $17,070 | 1 |
| Sylvia Group Alera Group Agency LLC · Dartmouth, MA | $0 | $6,012 | $6,012 | 1 |
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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Rhode Islandhealth | 527 | $5.2M | $17,070 | 0.3% |
| The Guardian Life Insurance Company of Americalife, short-term disability, long-term disability | 268 | — | $34,775 | — |
| Blue Cross Blue Shield of Rhode Islanddental | 555 | — | $6,012 | — |
| Vision Service Planvision | 257 | — | $1,826 | — |
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 Coastal1 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: $9,922 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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 278 | 288 | +3.6% |
| Premiums filed | $4,559,337 | $5,228,853 | +14.7% |
| Broker commissions + fees | $56,866 | $59,683 | +5.0% |
| Commission rate | 0.4% | 0.3% | −0.0 pts |
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 |
|---|---|---|---|---|
| Coastal1 Credit Union Welfare Benefit Plan#502 · insurance, general assets | December 31, 2025 | April 21, 2026 | before deadline | 288 |
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 Coastal1 Credit Union pay in health insurance broker commissions in 2025?
Coastal1 Credit Union's 2025 Form 5500 reports $59,683 in broker commissions and fees across 4 insurance contracts ($44,790 in commissions, $14,893 in fees), with Sylvia Group receiving the largest share.
Is Coastal1 Credit Union'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 Blue Cross Blue Shield of Rhode Island.
How does Coastal1 Credit Union's broker compensation compare with similar employers?
Coastal1 Credit Union paid 0.3% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Rhode Island is 1.0%. 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.