Fullerton Tool Company
Updated Filing received by DOL
Fullerton Tool Company, a manufacturing — metal, equipment, transportation employer in Saginaw, Michigan, reported 185 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $112,774 in insurance premiums across 6 contracts and $162,891 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Companion Life). The Department of Labor received the filing on September 8, 2025, before the deadline.
Who was paid on Fullerton Tool Company's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Fullerton Tool Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Asr Health Benefits | $138,701 | $0 | $138,701 | 1 |
| Saginaw Underwriters Inc. · Saginaw, MI | $13,800 | $0 | $13,800 | 4 |
| Sbu - Robert J Dotson JR · Saginaw, MI | $10,390 | $0 | $10,390 | 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 |
|---|---|---|---|---|
| Delta Dental of Michigandental | 365 | $112,774 | $10,390 | 9.2% |
| Lincoln National Life Insurancelife | 186 | — | $2,598 | — |
| Companion Lifestop-loss | 159 | — | $138,701 | — |
| Lincoln National Life Insurancecoverage not coded | 186 | — | $3,423 | — |
| Lincoln National Life Insurancelife | 66 | — | $5,696 | — |
| Eyemed Vision Carevision | 296 | — | $2,083 | — |
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 Fullerton Tool Company 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 | 179 | 185 | +3.4% |
| Premiums filed | $259,908 | $112,774 | −56.6% |
| Broker commissions + fees | $51,359 | $162,891 | +217.2% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Fullerton Tool Company, Inc. Health Benefit Plan#501 · insurance | March 31, 2025 | September 8, 2025 | before deadline | 185 |
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 Fullerton Tool Company pay in health insurance broker commissions in 2024?
Fullerton Tool Company's 2024 Form 5500 reports $162,891 in broker commissions and fees across 6 insurance contracts ($162,891 in commissions, $0 in fees), with Asr Health Benefits receiving the largest share.
Is Fullerton Tool Company's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from Companion Life).
How does Fullerton Tool Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Fullerton Tool Company because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 100-199 participants that disclosed broker pay reported a median of $53,852.
Send the full findings to your inbox.
A specialist writes up every finding for Fullerton Tool Company with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
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.