Precipart Corporation
Updated Filing received by DOL
Precipart Corporation, a manufacturing — metal, equipment, transportation employer in Farmingdale, New York, reported 258 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 11 insurance contracts with no premium reported and $138,466 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 11, 2026, within the extension window.
Who was paid on Precipart 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 Precipart Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Minneapolis, MN | $135,518 | $1,305 | $136,823 | 15 |
| United of Omaha Life Insurance Co · Omaha, NE | $0 | $1,577 | $1,577 | 1 |
| HUB International · Woodbury, NY | $0 | $66 | $66 | 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 |
|---|---|---|---|---|
| Unitedhealthcare Insurance Companyhealth, prescription drug | 289 | — | $120,572 | — |
| Metropolitan Life Insurance Companyvision | 302 | — | $3,291 | — |
| Companion Life Insurance Companylife | 89 | — | $4,345 | — |
| Companion Life Insurance Companylife | 244 | — | $1,260 | — |
| Mutual of Omaha Insurance Companycoverage not coded | 89 | — | $2,000 | — |
| Mutual of Omaha Insurance Companylong-term disability | 244 | — | $4,071 | — |
| Mutual of Omaha Insurance Companylife | 244 | — | $266 | — |
| Delta Dental of New Yorkdental, PPO | 343 | — | — | — |
| Metropolitan Life Insurance Companycoverage not coded | 87 | — | $724 | — |
| Metropolitan Life Insurance Companycoverage not coded | 60 | — | $1,048 | — |
| Metropolitan Life Insurance Companycoverage not coded | 62 | — | $889 | — |
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 Precipart 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 | 242 | 258 | +6.6% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $148,689 | $138,466 | −6.9% |
| 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 |
|---|---|---|---|---|
| Precipart Corporation Employee Benefits Plan#501 · insurance, general assets | November 30, 2025 | September 11, 2026 | within extension | 258 |
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 Precipart Corporation pay in health insurance broker commissions in 2024?
Precipart Corporation's 2024 Form 5500 reports $138,466 in broker commissions and fees across 11 insurance contracts ($135,518 in commissions, $2,948 in fees), with Mercer receiving the largest share.
Is Precipart Corporation'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 Unitedhealthcare Insurance Company.
How does Precipart Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Precipart 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.