Dow Credit Union
Updated Filing received by DOL
Dow Credit Union, a finance & insurance employer in Midland, Michigan, reported 157 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.3M in insurance premiums across 10 contracts and $129,041 in broker commissions and fees, 4.0% 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 October 6, 2025, within the extension window.
Who was paid on Dow 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 Dow Credit Union filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Lockton · Kansas City, MO | $126,794 | $2,140 | $128,934 | 9 |
| Marsh McLennan Agency · Troy, MI | $107 | $0 | $107 | 1 |
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 Cross Blue Shield of Michiganhealth, prescription drug, PPO | 349 | $2.2M | $87,797 | 4.0% |
| Delta Dental of Michigandental | 364 | $147,021 | $15,926 | 10.8% |
| Fidelity Security Life Insurance Companyvision | 404 | — | $2,514 | — |
| The Guardian Life Insurance Company of Americacoverage not coded | 22 | — | $2,381 | — |
| Pre-Paid Legal Services, Inc. dba Legalshieldcoverage not coded | 7 | — | $338 | — |
| Ulliance, Inc.coverage not coded | 183 | — | — | — |
| Life Insurance Company of North Americacoverage not coded | 160 | — | $651 | — |
| Life Insurance Company of North Americalife | 242 | — | $8,374 | — |
| Life Insurance Company of North Americashort-term disability | 129 | — | $7,465 | — |
| Life Insurance Company of North Americalong-term disability | 160 | — | $3,595 | — |
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 Dow 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: $6,242 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
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 145 | 157 | +8.3% |
| Premiums filed | $1,927,222 | $2,325,551 | +20.7% |
| Broker commissions + fees | $114,817 | $129,041 | +12.4% |
| Commission rate | 4.0% | 4.0% | +0.0 pts |
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 |
|---|---|---|---|---|
| Dow Credit Union Health and Welfare Plan#501 · insurance, general assets | December 31, 2024 | October 6, 2025 | within extension | 157 |
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 Dow Credit Union pay in health insurance broker commissions in 2024?
Dow Credit Union's 2024 Form 5500 reports $129,041 in broker commissions and fees across 10 insurance contracts ($126,901 in commissions, $2,140 in fees), with Lockton receiving the largest share.
Is Dow Credit Union'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 Blue Cross Blue Shield of Michigan.
How does Dow Credit Union's broker compensation compare with similar employers?
Dow Credit Union paid 4.0% 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.
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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.