Transaxle Manufacturing of America
Updated Filing received by DOL
Transaxle Manufacturing of America, a manufacturing — metal, equipment, transportation employer in Rock Hill, South Carolina, reported 147 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $1.6M in insurance premiums across 3 contracts and $86,336 in broker commissions and fees, 3.8% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on June 10, 2026, before the deadline.
Who was paid on Transaxle Manufacturing of America's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Transaxle Manufacturing of America filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| USI Insurance Services · Charlotte, NC | $79,013 | $0 | $79,013 | 4 |
| Peoples First Insurance · Rock Hill, SC | $7,289 | $0 | $7,289 | 1 |
| Img · Indianapolis, IN | $0 | $34 | $34 | 1 |
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 |
|---|---|---|---|---|
| Bluecross Blueshield of South Carolinahealth, dental, prescription drug | 147 | $1.6M | $61,026 | 3.8% |
| Prudential Insurance Company of Americalife, short-term disability, long-term disability | 143 | — | $24,477 | — |
| Community Eye Carevision | 221 | — | $833 | — |
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 Transaxle Manufacturing of America 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: $10,955 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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 132 | 147 | +11.4% |
| Premiums filed | $1,891,507 | $1,610,404 | −14.9% |
| Broker commissions + fees | $97,780 | $86,336 | −11.7% |
| Commission rate | 3.5% | 3.8% | +0.3 pts |
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 |
|---|---|---|---|---|
| Transaxle Manufacturing of America Corporation Wrap Welfare Benefits Plan#505 · insurance | December 31, 2025 | June 10, 2026 | before deadline | 147 |
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 Transaxle Manufacturing of America pay in health insurance broker commissions in 2025?
Transaxle Manufacturing of America's 2025 Form 5500 reports $86,336 in broker commissions and fees across 3 insurance contracts ($86,302 in commissions, $34 in fees), with USI Insurance Services receiving the largest share.
Is Transaxle Manufacturing of America's health plan self-funded or fully insured?
The 2025 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by Bluecross Blueshield of South Carolina.
How does Transaxle Manufacturing of America's broker compensation compare with similar employers?
Transaxle Manufacturing of America paid 3.8% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in South Carolina is 3.9%. 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.