Grossenburg Implement, Inc.
Updated Filing received by DOL
Grossenburg Implement, Inc., a wholesale trade employer in Winner, South Dakota, reported 265 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.7M in insurance premiums across 6 contracts and $72,414 in broker commissions and fees, 1.4% 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 13, 2026, within the extension window.
Who was paid on Grossenburg Implement, 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 Grossenburg Implement, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| USI Insurance Services · Valhalla, NY | $70,159 | $2,058 | $72,217 | 5 |
| Sara Christine Petersek · Colome, SD | $116 | $0 | $116 | 1 |
| Performance Plus LLC · Mitchell, SD | $41 | $0 | $41 | 1 |
| Ashton Lee Connell · Mitchell, SD | $35 | $0 | $35 | 1 |
| Eric David Palmer · Mitchell, SD | $3 | $0 | $3 | 1 |
| Darren J. Ferner · Dakota Dunes, SD | $1 | $0 | $1 | 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 |
|---|---|---|---|---|
| Avera Health Plans, Inc.health, prescription drug | 490 | $2.7M | $37,828 | 1.4% |
| Cigna Health and Life Insurance Company and Affiliatesdental, indemnity | 175 | — | $6,117 | — |
| Vision Service Planvision | 169 | — | $1,610 | — |
| Sun Life Assurance Company of Canadacoverage not coded | 44 | — | $3,737 | — |
| Continental American Insurance Companycoverage not coded | 4 | — | $197 | — |
| Life Insurance Company of North Americalife, short-term disability | 263 | — | $22,925 | — |
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 Grossenburg Implement, 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.
Premium per covered person on medical contracts: $5,425 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 | 259 | 265 | +2.3% |
| Premiums filed | $2,635,043 | $2,658,412 | +0.9% |
| Broker commissions + fees | $70,229 | $72,414 | +3.1% |
| Commission rate | 1.5% | 1.4% | −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 |
|---|---|---|---|---|
| Grossenburg Implement, Inc. Welfare Plan#501 · insurance, general assets | June 30, 2025 | April 13, 2026 | within extension | 265 |
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 Grossenburg Implement, Inc. pay in health insurance broker commissions in 2024?
Grossenburg Implement, Inc.'s 2024 Form 5500 reports $72,414 in broker commissions and fees across 6 insurance contracts ($70,356 in commissions, $2,058 in fees), with USI Insurance Services receiving the largest share.
Is Grossenburg Implement, Inc.'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 Avera Health Plans, Inc..
How does Grossenburg Implement, Inc.'s broker compensation compare with similar employers?
Grossenburg Implement, Inc. paid 1.4% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in South Dakota is 1.6%. 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.