Industrial Piping Specialists, Inc.
Updated Filing received by DOL a plan year 2025 filing was received July 20, 2026 for 1 of this employer's 2 plans; this record moves to 2025 when all have arrived
Industrial Piping Specialists, Inc., a wholesale trade employer in Tulsa, Oklahoma, reported 330 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 8 insurance contracts with no premium reported and $210,392 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on October 20, 2025, before the deadline.
Who was paid on Industrial Piping Specialists, 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 Industrial Piping Specialists, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International · Tulsa, OK | $17,243 | $158,446 | $175,689 | 5 |
| Benefit Resources, Inc. · Tulsa, OK | $26,221 | $8,482 | $34,703 | 7 |
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 |
|---|---|---|---|---|
| Sun Life Assurance Company of Canadacoverage not coded | 123 | — | $7,050 | — |
| Sun Life Assurance Company of Canadadental | 308 | — | $6,142 | — |
| Sun Life Assurance Company of Canadalife | 333 | — | $4,056 | — |
| Sun Life Assurance Company of Canadalong-term disability | 333 | — | $7,596 | — |
| Sun Life Assurance Company of Canadashort-term disability | 333 | — | $5,039 | — |
| Sun Life Assurance Company of Canadavision | 288 | — | $6,780 | — |
| Sun Life Assurance Company of Canadalife | 213 | — | $15,283 | — |
| United Healthcare Insurance Companyhealth | 845 | — | $158,446 | — |
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 Industrial Piping Specialists, 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.
Not computable: no insured medical premium on the filing.
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 | 306 | 330 | +7.8% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $197,437 | $210,392 | +6.6% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Industrial Piping Specialists Welfare Benefit Plan#505 · insurance | March 31, 2025 | October 20, 2025 | before deadline | 330 |
| Industrial Piping Specialists Flexible Benefit Plan#501 · general assets | December 31, 2024 | June 17, 2025 | before deadline | 279 |
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 Industrial Piping Specialists, Inc. pay in health insurance broker commissions in 2024?
Industrial Piping Specialists, Inc.'s 2024 Form 5500 reports $210,392 in broker commissions and fees across 8 insurance contracts ($43,464 in commissions, $166,928 in fees), with HUB International receiving the largest share.
Is Industrial Piping Specialists, 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 United Healthcare Insurance Company.
How does Industrial Piping Specialists, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Industrial Piping Specialists, Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 200-499 participants that disclosed broker pay reported a median of $77,013.
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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.