Opus Ivs
Updated Filing received by DOL
Opus Ivs, a manufacturing — metal, equipment, transportation employer in Dexter, Michigan, reported 260 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $3.0M in insurance premiums across 6 contracts and $115,414 in broker commissions and fees, 2.4% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 28, 2026, before the deadline.
Who was paid on Opus Ivs's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Opus Ivs filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Katherine C Wood · Ann Arbor, MI | $64,476 | $0 | $64,476 | 1 |
| Kapnick and Company, Inc. · Adrian, MI | $33,437 | $7,817 | $41,254 | 6 |
| Centro Benefits Research LLC · Kirkwood, MO | $0 | $9,684 | $9,684 | 3 |
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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Michiganhealth, prescription drug, PPO | 397 | $2.8M | $66,948 | 2.4% |
| Delta Dental of Michigandental | 415 | $139,478 | $8,877 | 6.4% |
| National Vision Administrators (NGL)vision | 406 | — | $1,830 | — |
| Unum Life Insurance Company of Americalong-term disability | 105 | — | $10,764 | — |
| Unum Life Insurance Company of Americalife, short-term disability, long-term disability | 263 | — | $15,598 | — |
| Unum Life Insurance Company of Americalife | 97 | — | $11,397 | — |
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 Opus Ivs 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.
Premium per covered person on medical contracts: $7,169 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 304 | 260 | −14.5% |
| Premiums filed | $2,798,828 | $2,985,409 | +6.7% |
| Broker commissions + fees | $122,405 | $115,414 | −5.7% |
| Commission rate | 2.6% | 2.4% | −0.3 pts |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
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 |
|---|---|---|---|---|
| Opus Ivs Employee Benefit Plan#501 · insurance, general assets | December 31, 2025 | July 28, 2026 | before deadline | 260 |
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 Opus Ivs pay in health insurance broker commissions in 2025?
Opus Ivs's 2025 Form 5500 reports $115,414 in broker commissions and fees across 6 insurance contracts ($97,913 in commissions, $17,501 in fees), with Katherine C Wood receiving the largest share.
Is Opus Ivs'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 Blue Shield of Michigan.
How does Opus Ivs's broker compensation compare with similar employers?
Opus Ivs paid 2.4% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Michigan is 3.2%. Percentages are computed only on fully insured medical contracts with filed premiums.
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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.