SWBC Professional Employer Services V, LLC Cafeteria Plan
Updated Filing received by DOL
SWBC Professional Employer Services V, LLC Cafeteria Plan, an administrative & support services employer in San Antonio, Texas, reported 15,957 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 12 insurance contracts with no premium reported and $1.8M in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on October 15, 2025, within the extension window.
Who was paid on SWBC Professional Employer Services V, LLC Cafeteria Plan's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract SWBC Professional Employer Services V, LLC Cafeteria Plan filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| SWBC Life Insurance Agency · San Antonio, TX | $1,787,126 | $130 | $1,787,256 | 12 |
| Kelly Melissa Rushing · Lytle, TX | $258 | $0 | $258 | 1 |
| Troy J Palmer · San Antonio, TX | $71 | $0 | $71 | 1 |
| Brian R Madtes · Windcrest, TX | $40 | $0 | $40 | 1 |
| Thomas Snyder · New Braunfels, TX | $35 | $0 | $35 | 1 |
| Billy Mark Roberson · San Antonio, TX | $23 | $0 | $23 | 1 |
| Omar Mendoza · New Braunfels, TX | $23 | $0 | $23 | 1 |
| GCG Financial LLC · Deerfield, IL | $22 | $0 | $22 | 1 |
| John Miles Rowan · McKinney, TX | $17 | $0 | $17 | 1 |
| Glady R Rowan · McKinney, TX | $15 | $0 | $15 | 1 |
| John David Bodker · San Antonio, TX | $13 | $0 | $13 | 1 |
| Gale Simpson · Pagosa Springs, CO | $4 | $0 | $4 | 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 |
|---|---|---|---|---|
| Catholic Life Insurancelife | 16,624 | — | $12,552 | — |
| Metropolitan Life Insurance Companydental, vision, life, short-term disability, long-term disability | 7,533 | — | $647,766 | — |
| Colonial Life and Accident Insurance Companyshort-term disability, indemnity | 10 | — | $790 | — |
| Metlife Legal Plans, Inc.coverage not coded | 75 | — | $1,605 | — |
| Metropolitan Life Insurance Companyhealth | 2,089 | — | $63,704 | — |
| Metropolitan Life Insurance Companyhealth | 2,536 | — | $40,785 | — |
| Metropolitan Life Insurance Companyhealth | 1,654 | — | $53,363 | — |
| Reliance Standard Life Insurance Coindemnity | 88 | — | $12,835 | — |
| Reliance Standard Life Insurance Coindemnity | 39 | — | $9,407 | — |
| Reliance Standard Life Insurance Cocoverage not coded | 127 | — | — | — |
| Reliance Standard Life Insurance Coindemnity | — | — | — | — |
| Bluecross Blueshield of Texashealth | 3,800 | — | $944,973 | — |
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 SWBC Professional Employer Services V, LLC Cafeteria Plan 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 | 13,618 | 15,957 | +17.2% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $1,537,079 | $1,787,780 | +16.3% |
| 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 |
|---|---|---|---|---|
| SWBC Professional Employer Services V, LLC Cafeteria Plan#501 · insurance, general assets | December 31, 2024 | October 15, 2025 | within extension | 15,957 |
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 SWBC Professional Employer Services V, LLC Cafeteria Plan pay in health insurance broker commissions in 2024?
SWBC Professional Employer Services V, LLC Cafeteria Plan's 2024 Form 5500 reports $1,787,780 in broker commissions and fees across 12 insurance contracts ($1,787,650 in commissions, $130 in fees), with SWBC Life Insurance Agency receiving the largest share.
Is SWBC Professional Employer Services V, LLC Cafeteria Plan'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 Metropolitan Life Insurance Company, Bluecross Blueshield of Texas.
How does SWBC Professional Employer Services V, LLC Cafeteria Plan's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for SWBC Professional Employer Services V, LLC Cafeteria Plan because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
Send the full findings to your inbox.
A specialist writes up every finding for SWBC Professional Employer Services V, LLC Cafeteria Plan 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.