New Balance Athletics
Updated Filing received by DOL
New Balance Athletics, a manufacturing — food & textile employer in Boston, Massachusetts, reported 3,686 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 8 insurance contracts with no premium reported and $39,357 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 15, 2025, within the extension window.
Who was paid on New Balance Athletics's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract New Balance Athletics filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Pacific Resources Benefits Advisors · Atlanta, GA | $39,357 | $0 | $39,357 | 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 |
|---|---|---|---|---|
| Lincoln National Life Insurance Companyshort-term disability | 4,051 | — | — | — |
| Lincoln National Life Insurance Companylong-term disability | 3,486 | — | — | — |
| Lincoln National Life Insurance Companylife | 3,730 | — | — | — |
| Delaware American Life Insurance Companyhealth, dental, prescription drug | 17 | — | $39,357 | — |
| Metropolitan Property and Casualty Insurance Co.coverage not coded | 339 | — | — | — |
| Vision Service Planvision | 3,318 | — | — | — |
| National Union Fire Ins. Co. of Pittsburgh, PAcoverage not coded | 3,774 | — | — | — |
| Curalinc LLCcoverage not coded | 3,780 | — | — | — |
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 New Balance Athletics 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 | 4,150 | 3,686 | −11.2% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $38,053 | $39,357 | +3.4% |
| 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 |
|---|---|---|---|---|
| New Balance Athletics Consolidated Welfare Benefits Plan#503 · insurance, general assets | December 31, 2024 | October 15, 2025 | within extension | 3,686 |
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 New Balance Athletics pay in health insurance broker commissions in 2024?
New Balance Athletics's 2024 Form 5500 reports $39,357 in broker commissions and fees across 8 insurance contracts ($39,357 in commissions, $0 in fees), with Pacific Resources Benefits Advisors receiving the largest share.
Is New Balance Athletics'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 Delaware American Life Insurance Company.
How does New Balance Athletics's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for New Balance Athletics because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 1,000-4,999 participants that disclosed broker pay reported a median of $168,579.
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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.