Grace Management, Inc.
Updated Filing received by DOL
Grace Management, Inc., a construction employer in San Mateo, California, reported 166 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $755,870 in insurance premiums across 8 contracts and $49,831 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 11, 2026, within the extension window.
Who was paid on Grace Management, 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 Grace Management, Inc. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Fce Benefit Administrators, Inc. · San Mateo, CA | $47,563 | $1,787 | $49,350 | 8 |
| Fce Benefit Administartors Inc. · New York, NY | $481 | $0 | $481 | 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 South Carolinahealth, prescription drug | 121 | $718,498 | $28,726 | 4.0% |
| Blue Cross Blue Shield of South Carolinadental | 121 | $37,372 | $3,751 | 10.0% |
| Blue Cross Blue Shield of South Carolinavision | 122 | — | — | — |
| Fidelity Security Life Insurance Companyvision | 86 | — | $481 | — |
| Fidelity Security Life Insurance Companyhealth, prescription drug, indemnity | 170 | — | $12,488 | — |
| Reliance Standard Life Insurance Companycoverage not coded | 210 | — | $507 | — |
| Reliance Standard Life Insurance Companylife | 210 | — | $2,977 | — |
| Fidelity Security Life Insurance Companystop-loss | 89 | — | $901 | — |
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 Grace Management, 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.
Premium per covered person on medical contracts: $5,938 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 | 175 | 166 | −5.1% |
| Premiums filed | $447,104 | $755,870 | not comparable |
| Broker commissions + fees | $35,361 | $49,831 | +40.9% |
| 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 |
|---|---|---|---|---|
| Grace Management - 2 Health & Welfare Plan#502 · insurance, trust | December 31, 2025 | September 11, 2026 | within extension | 166 |
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 Grace Management, Inc. pay in health insurance broker commissions in 2025?
Grace Management, Inc.'s 2025 Form 5500 reports $49,831 in broker commissions and fees across 8 insurance contracts ($48,044 in commissions, $1,787 in fees), with Fce Benefit Administrators, Inc. receiving the largest share.
Is Grace Management, Inc.'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 South Carolina, Fidelity Security Life Insurance Company.
How does Grace Management, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Grace Management, Inc. 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.
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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.