Padi Worldwide Corporation
Updated Filing received by DOL
Padi Worldwide Corporation, a professional & technical services employer in Rancho Santa Margarita, California, reported 201 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 6 insurance contracts with no premium reported and $146,122 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 16, 2026, before the deadline.
Who was paid on Padi Worldwide 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 Padi Worldwide Corporation filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Marsh McLennan Agency · San Diego, CA | $136,964 | $3,082 | $140,046 | 5 |
| Long Term Care Solutions, Inc. · Redmond, WA | $6,075 | $0 | $6,075 | 1 |
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 |
|---|---|---|---|---|
| Hawaii Medical Service Associationhealth, dental, prescription drug, HMO, PPO | 6 | — | — | — |
| Health Advocatecoverage not coded | 179 | — | — | — |
| Unum Life Insurance Company of Americacoverage not coded | 198 | — | $12,151 | — |
| Unitedhealthcare Insurance Companyhealth, dental, vision, prescription drug, HMO, PPO | 444 | — | $110,933 | — |
| Arag Insurance Companycoverage not coded | 100 | — | $1,347 | — |
| Hartford Life & Accident Insurance Companylife, short-term disability, long-term disability | 209 | — | $21,691 | — |
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 Padi Worldwide 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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 188 | 201 | +6.9% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $174,586 | $146,122 | −16.3% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Padi Worldwide Health and Welfare Benefits Plan#505 · insurance, general assets | December 31, 2025 | July 16, 2026 | before deadline | 201 |
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 Padi Worldwide Corporation pay in health insurance broker commissions in 2025?
Padi Worldwide Corporation's 2025 Form 5500 reports $146,122 in broker commissions and fees across 6 insurance contracts ($143,040 in commissions, $3,082 in fees), with Marsh McLennan Agency receiving the largest share.
Is Padi Worldwide Corporation'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 Hawaii Medical Service Association, Unitedhealthcare Insurance Company.
How does Padi Worldwide Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Padi Worldwide Corporation 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.