Gulfstream Services, Inc.
Updated Filing received by DOL
Gulfstream Services, Inc., a real estate & rental employer in Houma, Louisiana, reported 105 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.1M in insurance premiums across 6 contracts and $82,160 in broker commissions and fees, 5.5% 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 February 11, 2026, before the deadline.
Who was paid on Gulfstream Services, 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 Gulfstream Services, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Paul's Agency, LLC · Morgan City, LA | $51,713 | $22,570 | $74,283 | 6 |
| Meritain Health · ST. Louis, MO | $0 | $4,726 | $4,726 | 1 |
| Crescent Dental Plan · Covington, LA | $0 | $3,151 | $3,151 | 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 and Blue Shield of Louisianahealth | 250 | $1.1M | $61,673 | 5.5% |
| Starmount Life Insurance Companyvision | 96 | — | $1,259 | — |
| Meritain Healthdental | 112 | — | $14,179 | — |
| Life Insurance Company of North Americalong-term disability | 96 | — | $1,647 | — |
| Life Insurance Company of North Americalife | 103 | — | $2,176 | — |
| Life Insurance Company of North Americashort-term disability | 97 | — | $1,226 | — |
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 Gulfstream Services, 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: $4,469 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
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 |
|---|---|---|---|---|
| Gulfstream Services, Inc. - Health & Welfare Plan#501 · insurance, general assets | August 31, 2025 | February 11, 2026 | before deadline | 105 |
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 Gulfstream Services, Inc. pay in health insurance broker commissions in 2024?
Gulfstream Services, Inc.'s 2024 Form 5500 reports $82,160 in broker commissions and fees across 6 insurance contracts ($51,713 in commissions, $30,447 in fees), with Paul's Agency, LLC receiving the largest share.
Is Gulfstream Services, 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 Blue Cross and Blue Shield of Louisiana.
How does Gulfstream Services, Inc.'s broker compensation compare with similar employers?
Gulfstream Services, Inc. paid 5.5% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Louisiana is 5.0%. 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.