Otter Tail Corporation
Updated Filing received by DOL
Otter Tail Corporation, a management of companies employer in Fargo, North Dakota, reported 2,097 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 7 insurance contracts with no premium reported and $135,672 in broker commissions and fees. The plan is self-funded (the employer pays claims itself). The Department of Labor received an amended filing on August 7, 2026; the original filing date is not in the public dataset.
Who was paid on Otter Tail Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Otter Tail Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Saint Louis, MO | $114,875 | $20,797 | $135,672 | 6 |
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 |
|---|---|---|---|---|
| Zurich American Insurance Companycoverage not coded | 2,386 | — | $1,780 | — |
| Reliastar Life Insurance Companycoverage not coded | 1,239 | — | $37,201 | — |
| Life Insurance Company of North Americacoverage not coded | 110 | — | — | — |
| Unum Life Insurance Company of Americashort-term disability | 476 | — | $11,952 | — |
| Unum Life Insurance Company of Americalong-term disability | 1,291 | — | $32,629 | — |
| Unum Life Insurance Company of Americalife | 1,676 | — | $44,401 | — |
| Unum Life Insurance Company of Americalife | 291 | — | $7,709 | — |
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 Otter Tail Corporation 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 | 2,009 | 2,097 | +4.4% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $140,469 | $135,672 | −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 |
|---|---|---|---|---|
| Otter Tail Corporation Comprehensive Welfare Benefit Plan#501 · amended · insurance, general assets | December 31, 2024 | August 7, 2026 | amended filing; original date not in data | 2,097 |
| Otter Tail Corporation Retiree Welfare Benefit Plan#506 · amended · insurance, general assets | December 31, 2024 | August 7, 2026 | amended filing; original date not in data | 601 |
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 Otter Tail Corporation pay in health insurance broker commissions in 2024?
Otter Tail Corporation's 2024 Form 5500 reports $135,672 in broker commissions and fees across 7 insurance contracts ($114,875 in commissions, $20,797 in fees), with Mercer receiving the largest share.
Is Otter Tail Corporation's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself).
How does Otter Tail Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Otter Tail Corporation 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.