Hi-Tech Electric Inc.
Updated Filing received by DOL
Hi-Tech Electric Inc., a construction employer in Dallas, Texas, reported 203 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $646,362 in insurance premiums across 3 contracts and $23,298 in broker commissions and fees, 0.3% 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 14, 2025, within the extension window.
Who was paid on Hi-Tech Electric 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 Hi-Tech Electric Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Stephens Insurance LLC · Little Rock, AR | $16,346 | $6,903 | $23,249 | 2 |
| Compass Insurance Agengy Inc · Houston, TX | $24 | $0 | $24 | 1 |
| Nancy Lapham · Houston, TX | $19 | $0 | $19 | 1 |
| Roger a Lapham · Houston, TX | $6 | $0 | $6 | 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 Shieldhealth, dental | 271 | $530,904 | $1,648 | 0.3% |
| Dearborn Life Insurance Companylife, long-term disability | 200 | $114,603 | $21,601 | 18.8% |
| Colonial Life & Accident Insurance Companylife | 2 | $855 | $49 | — |
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 Hi-Tech Electric 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: $1,959 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 | 199 | 203 | +2.0% |
| Premiums filed | $621,995 | $646,362 | +3.9% |
| Broker commissions + fees | $17,798 | $23,298 | +30.9% |
| Commission rate | 0.0% | 0.3% | +0.3 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 |
|---|---|---|---|---|
| Hi-Tech Electric Inc., Employee Benefit Plan#501 · insurance, general assets | December 31, 2024 | October 14, 2025 | within extension | 203 |
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 Hi-Tech Electric Inc. pay in health insurance broker commissions in 2024?
Hi-Tech Electric Inc.'s 2024 Form 5500 reports $23,298 in broker commissions and fees across 3 insurance contracts ($16,395 in commissions, $6,903 in fees), with Stephens Insurance LLC receiving the largest share.
Is Hi-Tech Electric 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 Blue Shield.
How does Hi-Tech Electric Inc.'s broker compensation compare with similar employers?
Hi-Tech Electric Inc. paid 0.3% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Texas is 5.6%. 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.