Ufp Technologies, Inc.
Updated Filing received by DOL
Ufp Technologies, Inc., a manufacturing — chemical, wood, plastics employer in Newburyport, Massachusetts, reported 1,013 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $40,302 in insurance premiums across 9 contracts and $135,577 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on February 26, 2026, before the deadline.
Who was paid on Ufp Technologies, 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 Ufp Technologies, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International · Wilmington, MA | $67,286 | $12,933 | $80,219 | 8 |
| Marion Minichiello · Wilmington, MA | $27,761 | $0 | $27,761 | 1 |
| Warner Pacific Insurance Services · Newburyport, MA | $5,457 | $0 | $5,457 | 1 |
| Andrea R Henchey · Shrewsbury, MA | $3,292 | $1,167 | $4,459 | 1 |
| Horacio J Cabral and Other Agents · East Longmeadow, MA | $3,636 | $389 | $4,025 | 1 |
| Michael R Ackerman · Wayne, PA | $3,301 | $339 | $3,640 | 1 |
| Pio Andres Ortiz · Enfield, CT | $2,888 | $726 | $3,614 | 1 |
| Enrollment Solutions Limited · Sutton, MA | $2,206 | $1,174 | $3,380 | 1 |
| Inspired Inc · Moscow, TN | $1,311 | $754 | $2,065 | 1 |
| The Hilb Group of New England LLC · Cranstone, RI | $0 | $956 | $956 | 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 |
|---|---|---|---|---|
| Blue Cross and Blue Shield of Alabamahealth, vision, prescription drug, PPO | 6 | $40,302 | — | — |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.vision | 1,161 | — | $5,262 | — |
| Aetnahealth, prescription drug, HMO | 34 | — | $19,100 | — |
| Tufts Associated Health Maintenance Org., Inc.health, prescription drug, HMO | 37 | — | $11,803 | — |
| Tufts Insurance Companyhealth, prescription drug, PPO | 48 | — | $7,929 | — |
| Priority Healthhealth, prescription drug | 137 | — | $27,761 | — |
| Colonial Life & Accident Insurance Companylife, short-term disability | 178 | — | $36,946 | — |
| Blue Cross and Blue Shield of Ridental | 117 | — | $2,640 | — |
| Life Insurance Company of North Americalife, long-term disability | 978 | — | $24,136 | — |
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 Ufp Technologies, 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.
Premium per covered person on medical contracts: $6,717 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
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 921 | 1,013 | +10.0% |
| Premiums filed | $42,032 | $40,302 | not comparable |
| Broker commissions + fees | $126,935 | $135,577 | +6.8% |
| 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 |
|---|---|---|---|---|
| Ufp Technologies, Inc. Group Insurance Plan#501 · insurance, general assets | July 31, 2025 | February 26, 2026 | before deadline | 1,013 |
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 Ufp Technologies, Inc. pay in health insurance broker commissions in 2024?
Ufp Technologies, Inc.'s 2024 Form 5500 reports $135,577 in broker commissions and fees across 9 insurance contracts ($117,138 in commissions, $18,439 in fees), with HUB International receiving the largest share.
Is Ufp Technologies, Inc.'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 Blue Cross and Blue Shield of Alabama, Aetna, Tufts Associated Health Maintenance Org., Inc..
How does Ufp Technologies, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Ufp Technologies, Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 1,000-4,999 participants that disclosed broker pay reported a median of $168,579.
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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.