Mypoint Credit Union
Updated Filing received by DOL
Mypoint Credit Union, a finance & insurance employer in San Diego, California, reported 110 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 7 insurance contracts with no premium reported and $74,163 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on April 13, 2026, within the extension window.
Who was paid on Mypoint Credit Union's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Mypoint Credit Union filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| The Baldwin Group · Irvine, CA | $63,257 | $4,880 | $68,137 | 7 |
| Burnham Benefits · Irvine, CA | $0 | $6,026 | $6,026 | 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 |
|---|---|---|---|---|
| Life Insurance Company of North Americashort-term disability | 14 | — | $549 | — |
| Life Insurance Company of North Americalong-term disability | 118 | — | $2,282 | — |
| Cigna Health and Life Insurance Companycoverage not coded | 22 | — | $1,382 | — |
| Cigna Health and Life Insurance Companycoverage not coded | 17 | — | $471 | — |
| Life Insurance Company of North Americacoverage not coded | 154 | — | $926 | — |
| Life Insurance Company of North Americalife | 153 | — | $10,376 | — |
| Unitedhealthcare Insurance Companyhealth, dental, vision, prescription drug, PPO | 217 | — | $58,177 | — |
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 Mypoint Credit Union 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 | 128 | 110 | −14.1% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $64,387 | $74,163 | +15.2% |
| 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 |
|---|---|---|---|---|
| Mypoint Credit Union Benefit Plan#501 · insurance, general assets | June 30, 2025 | April 13, 2026 | within extension | 110 |
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 Mypoint Credit Union pay in health insurance broker commissions in 2024?
Mypoint Credit Union's 2024 Form 5500 reports $74,163 in broker commissions and fees across 7 insurance contracts ($63,257 in commissions, $10,906 in fees), with The Baldwin Group receiving the largest share.
Is Mypoint Credit Union'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 Unitedhealthcare Insurance Company.
How does Mypoint Credit Union's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Mypoint Credit Union 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.