Olympic Benefits Trust David P Schaffert
Updated Filing received by DOL
Olympic Benefits Trust David P Schaffert, a finance & insurance employer in Olympia, Washington, reported 2,600 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.3M in insurance premiums across 3 contracts and $142,136 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 Olympic Benefits Trust David P Schaffert's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Olympic Benefits Trust David P Schaffert filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Northwest Marketing Resources · Olympia, WA | $100,756 | $0 | $100,756 | 2 |
| Bell Anderson Agency Inc · Lynnwood, WA | $24,988 | $2,580 | $27,568 | 2 |
| Pilkey Hopping & Ekberg Inc · Tacoma, WA | $6,344 | $0 | $6,344 | 1 |
| Angler Insurance LLC · Shelton, WA | $2,930 | $0 | $2,930 | 1 |
| Acrisure · Grand Rapids, MI | $1,578 | $0 | $1,578 | 1 |
| Hawks View · Rancho Cordova, CA | $1,117 | $0 | $1,117 | 1 |
| PCF Insurance Services of the West · Mount Vernon, WA | $956 | $0 | $956 | 1 |
| Durney Insurance Inc · Hoquiam, WA | $887 | $0 | $887 | 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 Washingtondental | 2,578 | $1.3M | $90,223 | 7.0% |
| Pacific Source Health Planshealth | 121 | — | $51,913 | — |
| Vision Service Planvision | 672 | — | — | — |
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 Olympic Benefits Trust David P Schaffert 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 | 2,761 | 2,600 | −5.8% |
| Premiums filed | $2,329,027 | $1,288,947 | not comparable |
| Broker commissions + fees | $141,973 | $142,136 | +0.1% |
| 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 |
|---|---|---|---|---|
| Olympic Benefits Trust#501 · insurance, trust | December 31, 2024 | October 15, 2025 | within extension | 2,600 |
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 Olympic Benefits Trust David P Schaffert pay in health insurance broker commissions in 2024?
Olympic Benefits Trust David P Schaffert's 2024 Form 5500 reports $142,136 in broker commissions and fees across 3 insurance contracts ($139,556 in commissions, $2,580 in fees), with Northwest Marketing Resources receiving the largest share.
Is Olympic Benefits Trust David P Schaffert'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 Pacific Source Health Plans.
How does Olympic Benefits Trust David P Schaffert's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Olympic Benefits Trust David P Schaffert 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.