Stepstone Group, LP
Updated Filing received by DOL
Stepstone Group, LP, a finance & insurance employer in La Jolla, California, reported 674 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 8 insurance contracts with no premium reported and $121,116 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on May 15, 2026, within the extension window.
Who was paid on Stepstone Group, LP's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Stepstone Group, LP filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International · Chicago, IL | $92,023 | $9,586 | $101,609 | 14 |
| Lockton · Lajolla, CA | $14,838 | $0 | $14,838 | 2 |
| Plansource Benefits Admin Inc · Orlando, FL | $4,517 | $0 | $4,517 | 4 |
| Img · Indianapolis, IN | $0 | $152 | $152 | 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, dental, prescription drug | 22 | — | $14,363 | — |
| Metropolitan Life Insurance Companydental, vision | 1,109 | — | $43,204 | — |
| The Prudential Insurance Company of Americalife, short-term disability, long-term disability | 1,738 | — | $27,492 | — |
| Metropolitan Life Insurance Companycoverage not coded | 330 | — | $8,734 | — |
| Metropolitan Life Insurance Companycoverage not coded | 285 | — | $13,026 | — |
| Metropolitan Life Insurance Companyindemnity | 292 | — | $13,822 | — |
| Hawaii Medical Service Associationhealth, dental, vision, prescription drug, PPO | 3 | — | — | — |
| Unitedhealthcare Insurance Companylife | 10 | — | $475 | — |
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 Stepstone Group, LP 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 | 641 | 674 | +5.1% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $72,003 | $121,116 | +68.2% |
| 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 |
|---|---|---|---|---|
| Stepstone Group, LP Health and Welfare Plans#501 · insurance, general assets | July 31, 2025 | May 15, 2026 | within extension | 674 |
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 Stepstone Group, LP pay in health insurance broker commissions in 2024?
Stepstone Group, LP's 2024 Form 5500 reports $121,116 in broker commissions and fees across 8 insurance contracts ($111,378 in commissions, $9,738 in fees), with HUB International receiving the largest share.
Is Stepstone Group, LP'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, Hawaii Medical Service Association.
How does Stepstone Group, LP's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Stepstone Group, LP 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.
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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.