Panda Restaurant Group
Updated Filing received by DOL
Panda Restaurant Group, an accommodation & food services employer in Rosemead, California, reported 8,852 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $3.2M in insurance premiums across 11 contracts and $655,119 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 31, 2025, before the deadline.
Who was paid on Panda Restaurant Group's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Panda Restaurant Group filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Raymond Dick · Franklin, TN | $477,038 | $0 | $477,038 | 2 |
| Raymond J Dick · Lancaster, CA | $100,019 | $0 | $100,019 | 2 |
| Mercer · Chicago, IL | $77,798 | $0 | $77,798 | 2 |
| Dick, Raymond J · Franklin, TN | $264 | $0 | $264 | 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 |
|---|---|---|---|---|
| University Health Alliancehealth, vision, prescription drug | 728 | $2.5M | $74,710 | 3.0% |
| Vision Service Planvision | 9,649 | $691,703 | — | — |
| Delta Dental of Californiadental | 999 | — | — | — |
| Delta Dental of Californiadental | 13,379 | — | — | — |
| Hawaii Dental Servicedental | 424 | — | $3,088 | — |
| The Guardian Life Insurance Company of Americalife, short-term disability | 1,579 | — | $49,161 | — |
| The Guardian Life Insurance Company of Americalife, long-term disability | 6,912 | — | $50,858 | — |
| Kaiser Foundation Health Plan, Inc.health | 913 | — | $206,325 | — |
| Kaiser Foundation Health Plan, Inc.health | 1,408 | — | $270,713 | — |
| Sun Life Assurance Company of Canadadental | 20 | — | $264 | — |
| United Healthcare Insurance Companystop-loss | 11,864 | — | — | — |
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 Panda Restaurant Group 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.
Premium per covered person on medical contracts: $3,421 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
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 8,480 | 8,852 | +4.4% |
| Premiums filed | $2,884,066 | $3,182,042 | not comparable |
| Broker commissions + fees | $567,903 | $655,119 | +15.4% |
| 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 |
|---|---|---|---|---|
| Panda Restaurant Group Flexible Benefits Plan#501 · insurance, general assets | March 31, 2025 | October 31, 2025 | before deadline | 8,852 |
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 Panda Restaurant Group pay in health insurance broker commissions in 2024?
Panda Restaurant Group's 2024 Form 5500 reports $655,119 in broker commissions and fees across 11 insurance contracts ($655,119 in commissions, $0 in fees), with Raymond Dick receiving the largest share.
Is Panda Restaurant Group'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 University Health Alliance, Kaiser Foundation Health Plan, Inc..
How does Panda Restaurant Group's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Panda Restaurant Group because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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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.