Iowa Nothern Railway Company
Updated Filing received by DOL
Iowa Nothern Railway Company, a transportation — truck & rail employer in Waterloo, Iowa, reported 102 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 7 insurance contracts with no premium reported and $36,425 in broker commissions and fees. The plan is self-funded (the employer pays claims itself). The Department of Labor received the filing on December 16, 2025, before the deadline.
Who was paid on Iowa Nothern Railway Company's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Iowa Nothern Railway Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Truenorth Companies LLC · Cedar Rapids, IA | $24,085 | $214 | $24,299 | 7 |
| Watchtower Technologies Inc · Chicago, IL | $1,554 | $0 | $1,554 | 3 |
| Watchtower Tecnologies, Inc. · Chicago, IL | $42 | $0 | $42 | 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 |
|---|---|---|---|---|
| Delta Dental of Iowadental | 4 | — | $3,006 | — |
| Vision Service Planvision | 3 | — | $1,134 | — |
| Reliance Standard Life Insurance Companylong-term disability | 102 | — | $6,440 | — |
| Reliance Standard Life Insurance Companylife | 5 | — | $5,586 | — |
| Reliance Standard Life Insurance Companyshort-term disability | 101 | — | $16,139 | — |
| Reliance Standard Life Insurance Companylife | 96 | — | $3,662 | — |
| Reliance Standard Life Insurance Companycoverage not coded | 76 | — | $458 | — |
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 Iowa Nothern Railway Company 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 | 117 | 102 | −12.8% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $72,869 | $36,425 | −50.0% |
| 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 |
|---|---|---|---|---|
| Iowa Northern Railway Company Employee Benefits Plan#501 · insurance, general assets | August 31, 2025 | December 16, 2025 | before deadline | 102 |
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 Iowa Nothern Railway Company pay in health insurance broker commissions in 2024?
Iowa Nothern Railway Company's 2024 Form 5500 reports $36,425 in broker commissions and fees across 7 insurance contracts ($25,681 in commissions, $10,744 in fees), with Truenorth Companies LLC receiving the largest share.
Is Iowa Nothern Railway Company's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself).
How does Iowa Nothern Railway Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Iowa Nothern Railway Company because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 100-199 participants that disclosed broker pay reported a median of $53,852.
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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.