Paperless Parts, Inc.
Updated Filing received by DOL
Paperless Parts, Inc., an information & publishing employer in Boston, Massachusetts, reported 110 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.3M in insurance premiums across 2 contracts and $61,677 in broker commissions and fees, 4.3% 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 September 30, 2025, before the deadline.
Who was paid on Paperless Parts, Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Paperless Parts, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Jennifer A. Borislow Ins Agency Inc · Methuen, MA | $46,999 | $14,678 | $61,677 | 2 |
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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Massachusetts, Inc.health, dental, vision, prescription drug | 197 | $1.3M | $56,122 | 4.3% |
| United of Omaha Life Insurance Companylife, short-term disability, long-term disability | 114 | — | $5,555 | — |
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 Paperless Parts, Inc. 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: $6,679 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 | 151 | 110 | −27.2% |
| Premiums filed | $1,463,073 | $1,315,803 | −10.1% |
| Broker commissions + fees | $56,098 | $61,677 | +9.9% |
| Commission rate | 3.4% | 4.3% | +0.9 pts |
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 |
|---|---|---|---|---|
| Paperless Parts Employee Benefit Plan#501 · insurance, general assets | April 30, 2025 | September 30, 2025 | before deadline | 110 |
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 Paperless Parts, Inc. pay in health insurance broker commissions in 2024?
Paperless Parts, Inc.'s 2024 Form 5500 reports $61,677 in broker commissions and fees across 2 insurance contracts ($46,999 in commissions, $14,678 in fees), with Jennifer A. Borislow Ins Agency Inc receiving the largest share.
Is Paperless Parts, Inc.'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 Blue Cross Blue Shield of Massachusetts, Inc..
How does Paperless Parts, Inc.'s broker compensation compare with similar employers?
Paperless Parts, Inc. paid 4.3% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Massachusetts is 2.5%. 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.