Nalu Medical, Inc
Updated Filing received by DOL
Nalu Medical, Inc, a manufacturing — metal, equipment, transportation employer in Carlsbad, California, reported 202 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 7 insurance contracts with no premium reported and $204,969 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on January 8, 2026, before the deadline.
Who was paid on Nalu Medical, 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 Nalu Medical, Inc filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International · Riverside, CA | $190,240 | $14,729 | $204,969 | 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Companydental, vision, life, short-term disability, long-term disability | 263 | — | $46,090 | — |
| Cigna Health and Life Insurance Company and Affiliateshealth, HMO, indemnity | 170 | — | $149,125 | — |
| Metropolitan Life Insurance Companycoverage not coded | 20 | — | $2,765 | — |
| Metropolitan General Insurance Companycoverage not coded | 30 | — | $774 | — |
| Metlife Legal Planscoverage not coded | 33 | — | $153 | — |
| Metropolitan Life Insurance Companycoverage not coded | 43 | — | $2,530 | — |
| Metropolitan Life Insurance Companycoverage not coded | 34 | — | $3,532 | — |
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 Nalu Medical, 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 | 160 | 202 | +26.3% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $187,402 | $204,969 | +9.4% |
| 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 |
|---|---|---|---|---|
| Nalu Medical, Inc Health and Welfare Plan#501 · insurance, general assets | June 30, 2025 | January 8, 2026 | before deadline | 202 |
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 Nalu Medical, Inc pay in health insurance broker commissions in 2024?
Nalu Medical, Inc's 2024 Form 5500 reports $204,969 in broker commissions and fees across 7 insurance contracts ($190,240 in commissions, $14,729 in fees), with HUB International receiving the largest share.
Is Nalu Medical, 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 Cigna Health and Life Insurance Company and Affiliates.
How does Nalu Medical, Inc's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Nalu Medical, 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.