Igd Industries Inc
Updated Filing received by DOL
Igd Industries Inc, a wholesale trade employer in Cedar Rapids, Iowa, reported 225 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.7M in insurance premiums across 1 contract and $499,277 in broker commissions and fees, 29.7% 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 10, 2025, before the deadline.
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 |
|---|---|---|---|---|
| Wellmark Blue Cross and Blue Sheildhealth, dental, vision, prescription drug, stop-loss, PPO | 218 | $1.7M | $499,277 | 29.7% |
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 Igd Industries 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: $7,705 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 | 242 | 225 | −7.0% |
| Premiums filed | $1,576,517 | $1,679,794 | +6.6% |
| Broker commissions + fees | $47,034 | $499,277 | +961.5% |
| Commission rate | 3.0% | 29.7% | +26.7 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 |
|---|---|---|---|---|
| Igd Industries Inc Health Care Plan#503 · insurance, general assets | December 31, 2024 | July 10, 2025 | before deadline | 225 |
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 Igd Industries Inc pay in health insurance broker commissions in 2024?
Igd Industries Inc's 2024 Form 5500 reports $499,277 in broker commissions and fees across 1 insurance contracts ($0 in commissions, $499,277 in fees).
Is Igd Industries 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 Wellmark Blue Cross and Blue Sheild.
How does Igd Industries Inc's broker compensation compare with similar employers?
Igd Industries Inc paid 29.7% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Iowa 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.