Mission Wealth Management, L.P.
Updated Filing received by DOL
Mission Wealth Management, L.P., an administrative & support services employer in Santa Barbara, California, reported 133 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 8 insurance contracts with no premium reported and $107,080 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 27, 2026, before the deadline.
Who was paid on Mission Wealth Management, L.P.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Mission Wealth Management, L.P. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| OneDigital · Atlanta, GA | $93,120 | $10,578 | $103,698 | 13 |
| Centro Benefits Research LLC · Kirkwood, MO | $0 | $2,857 | $2,857 | 6 |
| Various- See Attached Document | $465 | $60 | $525 | 1 |
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 |
|---|---|---|---|---|
| Colonial Life & Accident Insurance Companydental | 5 | — | $525 | — |
| Blue Cross of Californiahealth, PPO | 273 | — | $88,152 | — |
| Unum Life Insurance Company of Americalife, short-term disability, long-term disability | 164 | — | $9,412 | — |
| Starmount Life Insurance Companyvision | 142 | — | $3,436 | — |
| Unum Insurance Companycoverage not coded | 31 | — | $1,083 | — |
| Unum Insurance Companycoverage not coded | 18 | — | $810 | — |
| Unum Insurance Companycoverage not coded | 23 | — | $1,172 | — |
| Unum Life Insurance Company of Americacoverage not coded | 40 | — | $2,490 | — |
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 Mission Wealth Management, L.P. 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.
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 |
|---|---|---|---|---|
| Mission Wealth Management Health and Welfare Plan#501 · insurance, general assets | December 31, 2025 | July 27, 2026 | before deadline | 133 |
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 Mission Wealth Management, L.P. pay in health insurance broker commissions in 2025?
Mission Wealth Management, L.P.'s 2025 Form 5500 reports $107,080 in broker commissions and fees across 8 insurance contracts ($93,585 in commissions, $13,495 in fees), with OneDigital receiving the largest share.
Is Mission Wealth Management, L.P.'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 Blue Cross of California.
How does Mission Wealth Management, L.P.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Mission Wealth Management, L.P. 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.