Principle Choice Solutions, LLC
Updated Filing received by DOL
Principle Choice Solutions, LLC, a professional & technical services employer in Oklahoma City, Oklahoma, reported 659 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.7M in insurance premiums across 2 contracts and $196,161 in broker commissions and fees, 4.5% 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 February 10, 2026, within the extension window.
Who was paid on Principle Choice Solutions, LLC's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Principle Choice Solutions, LLC filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Cottingham & Butler Insurance Serv. · Dubuque, IA | $151,339 | $44,822 | $196,161 | 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 |
|---|---|---|---|---|
| Bluecross Blueshield Nebraskahealth | 348 | $2.7M | $119,949 | 4.5% |
| United of Omaha Life Insurance Companydental, vision, life, short-term disability, long-term disability | 673 | — | $76,212 | — |
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 Principle Choice Solutions, LLC 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: $7,698 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 | 592 | 659 | +11.3% |
| Premiums filed | $2,536,178 | $2,678,933 | +5.6% |
| Broker commissions + fees | $129,668 | $196,161 | +51.3% |
| Commission rate | — | 4.5% | — |
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 |
|---|---|---|---|---|
| Principle Choice Solutions Health & Welfare Benefit Plan#501 · insurance, general assets | May 31, 2025 | February 10, 2026 | within extension | 659 |
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 Principle Choice Solutions, LLC pay in health insurance broker commissions in 2024?
Principle Choice Solutions, LLC's 2024 Form 5500 reports $196,161 in broker commissions and fees across 2 insurance contracts ($151,339 in commissions, $44,822 in fees), with Cottingham & Butler Insurance Serv. receiving the largest share.
Is Principle Choice Solutions, LLC'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 Bluecross Blueshield Nebraska.
How does Principle Choice Solutions, LLC's broker compensation compare with similar employers?
Principle Choice Solutions, LLC paid 4.5% of medical premium in commissions and fees. The median for employers with 500-999 participants is 2.7%, and the median in Oklahoma is 1.6%. 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.