Smith Health, Inc.
Updated Filing received by DOL
Smith Health, Inc., a finance & insurance employer in San Francisco, California, reported 600 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 4 insurance contracts with no premium reported and $67,793 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on April 29, 2026, before the deadline.
Who was paid on Smith Health, 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 Smith Health, Inc. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Centro Benefits Research LLC · Kirkwood, MO | $16,833 | $18,409 | $35,242 | 3 |
| Cherry Creek Insurance Agency, Inc. · Englewood, CO | $11,893 | $16,833 | $28,726 | 4 |
| Warner Pacific Insurance · Westlake Village, CA | $3,825 | $0 | $3,825 | 1 |
| Assurex Global Corporation · Dublin, OH | $0 | $0 | $0 | 3 |
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 |
|---|---|---|---|---|
| Kaiser Foundation Health Plan, Inc.health, prescription drug, HMO | 30 | — | $15,718 | — |
| Starmount Life Insurance Companydental, vision | 555 | — | $26,393 | — |
| Unum Life Insurance Company of Americalife | 607 | — | $10,045 | — |
| Unum Life Insurance Company of Americashort-term disability, long-term disability | 602 | — | $15,637 | — |
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 Smith Health, 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.
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 | 549 | 600 | +9.3% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $53,691 | $67,793 | +26.3% |
| 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 |
|---|---|---|---|---|
| Smith Health, Inc. Health & Welfare Benefits Plan#501 · insurance, general assets | December 31, 2025 | April 29, 2026 | before deadline | 600 |
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 Smith Health, Inc. pay in health insurance broker commissions in 2025?
Smith Health, Inc.'s 2025 Form 5500 reports $67,793 in broker commissions and fees across 4 insurance contracts ($32,551 in commissions, $35,242 in fees), with Centro Benefits Research LLC receiving the largest share.
Is Smith Health, Inc.'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 Kaiser Foundation Health Plan, Inc..
How does Smith Health, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Smith Health, Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 500-999 participants that disclosed broker pay reported a median of $104,902.
Send the full findings to your inbox.
A specialist writes up every finding for Smith Health, Inc. with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
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.