Hoover Circular Solutions
Updated Filing received by DOL
Hoover Circular Solutions, a manufacturing — metal, equipment, transportation employer in Katy, Texas, reported 137 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $1.2M in insurance premiums across 5 contracts and $103,619 in broker commissions and fees, 6.0% 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 July 20, 2026, before the deadline.
Who was paid on Hoover Circular Solutions's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Hoover Circular Solutions filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Lockton · Dallas, TX | $100,661 | $2,958 | $103,619 | 5 |
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 |
|---|---|---|---|---|
| Curative Insurance Companyhealth, prescription drug, PPO | 98 | $1.2M | $69,625 | 6.0% |
| Dearborn Life Insurance Companylife, short-term disability, long-term disability | 109 | — | $18,426 | — |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.vision | 199 | — | $1,303 | — |
| United Concordiadental | 219 | — | $6,756 | — |
| American Heritage Life Insurance Companycoverage not coded | 45 | — | $7,509 | — |
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 Hoover Circular Solutions 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: $11,841 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 | 143 | 137 | −4.2% |
| Premiums filed | $0 | $1,160,418 | — |
| Broker commissions + fees | $26,147 | $103,619 | +296.3% |
| Commission rate | — | 6.0% | — |
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 |
|---|---|---|---|---|
| Hoover Circular Solutions Health and Welfare Plan#503 · insurance, general assets | December 31, 2025 | July 20, 2026 | before deadline | 137 |
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 Hoover Circular Solutions pay in health insurance broker commissions in 2025?
Hoover Circular Solutions's 2025 Form 5500 reports $103,619 in broker commissions and fees across 5 insurance contracts ($100,661 in commissions, $2,958 in fees), with Lockton receiving the largest share.
Is Hoover Circular Solutions'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 Curative Insurance Company.
How does Hoover Circular Solutions's broker compensation compare with similar employers?
Hoover Circular Solutions paid 6.0% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, 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.