Target Corporation
Updated Filing received by DOL
Target Corporation, a retail — general merchandise, sporting goods employer in Brooklyn Park, Minnesota, reported 879,212 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 23 insurance contracts with no premium reported and $1.6M 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 2, 2025, before the deadline.
Who was paid on Target 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 Target Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Strategic Non-Medical Solutions LLC · Boston, MA | $450,293 | $389,315 | $839,608 | 3 |
| Pacific Resources Benefits Adv LLC · Boston, MA | $550,000 | $0 | $550,000 | 1 |
| Pacific Resources BNFT Adv LLC · Boston, MA | $0 | $187,092 | $187,092 | 1 |
| Carolyn Ishimi · Honolulu, HI | $3,120 | $2,722 | $5,842 | 5 |
| Todd Ohira · Honolulu, HI | $0 | $708 | $708 | 1 |
| Galen Haneda · Honolulu, HI | $0 | $140 | $140 | 1 |
| Dale Goya · Honolulu, HI | $0 | $18 | $18 | 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 |
|---|---|---|---|---|
| Usable Lifeshort-term disability | 125 | — | $589 | — |
| Unitedhealthcare Insurance Companycoverage not coded | 1 | — | — | — |
| Usable Lifeshort-term disability | 263 | — | $521 | — |
| Usable Lifeshort-term disability | 127 | — | $1,319 | — |
| Legalplans, USAcoverage not coded | 17,635 | — | $389,315 | — |
| Unitedhealthcare Insurance Companycoverage not coded | 1 | — | — | — |
| Usable Lifeshort-term disability | 159 | — | $426 | — |
| Spring Healthcoverage not coded | 567,290 | — | — | — |
| Unitedhealthcare Insurance Companyhealth | 6 | — | — | — |
| Usable Lifeshort-term disability | 388 | — | — | — |
| Usable Lifeshort-term disability | 333 | — | — | — |
| Usable Lifeshort-term disability | 269 | — | — | — |
| Usable Lifeshort-term disability | 368 | — | — | — |
| Hawaii Medical Service Associationhealth, HMO | 3,169 | — | — | — |
| United Healthcare Insurance Companyprescription drug | 178 | — | — | — |
| Usable Lifeshort-term disability | 398 | — | — | — |
| Usable Lifeshort-term disability | 300 | — | — | — |
| Usable Lifeshort-term disability | 371 | — | — | — |
| American Heritage Life Insurance Companyindemnity | 39,052 | — | $187,092 | — |
| Prudential Insurance Company of Americalife | 281,466 | — | $550,000 | — |
| Prudential Insurance Company of Americalife | 6,726 | — | — | — |
| Life Insurance Company of North Americalong-term disability | 223,143 | — | $450,000 | — |
| Usable Lifeshort-term disability | 229 | — | $4,146 | — |
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 Target 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 | 939,693 | 879,212 | −6.4% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $1,020,244 | $1,583,408 | +55.2% |
| 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 |
|---|---|---|---|---|
| Target Corporation Employee Umbrella Welfare Benefit Plan#592 · insurance, general assets | March 31, 2025 | October 2, 2025 | before deadline | 879,212 |
| Target Corporation Texas Occupational Injury Benefit Plan#598 · general assets | January 31, 2025 | October 2, 2025 | within extension | 29,546 |
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 Target Corporation pay in health insurance broker commissions in 2024?
Target Corporation's 2024 Form 5500 reports $1,583,408 in broker commissions and fees across 23 insurance contracts ($1,003,413 in commissions, $579,995 in fees), with Strategic Non-Medical Solutions LLC receiving the largest share.
Is Target 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, Hawaii Medical Service Association.
How does Target Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Target Corporation 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.
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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.