Upper Peninsula Power Company
Updated Filing received by DOL
Upper Peninsula Power Company, an utilities employer in Marquette, Michigan, reported 435 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $3.2M in insurance premiums across 5 contracts and $222,278 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 14, 2025, within the extension window.
Who was paid on Upper Peninsula Power Company's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Upper Peninsula Power Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Acrisure · Grand Rapids, MI | $89,731 | $2,419 | $92,150 | 6 |
| Thomas Daniel JR Snow · Marquette, MI | $91,153 | $0 | $91,153 | 1 |
| Health Insurance Services Inc. · Royal Oak, MI | $38,935 | $0 | $38,935 | 1 |
| Img · Indianapolis, IN | $0 | $40 | $40 | 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 Blue Shield of Michiganhealth, vision, prescription drug, PPO | 551 | $3.0M | $93,572 | 3.1% |
| Delta Dental of Michigandental | 586 | $217,057 | $10,529 | 4.9% |
| Prudential Insurance Company of Americalife, short-term disability, long-term disability | 325 | — | $72,129 | — |
| Humana Insurance Companyhealth, HMO | 157 | — | $38,935 | — |
| Medical Air Services Association, Inc.coverage not coded | 185 | — | $7,113 | — |
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 Upper Peninsula Power Company 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: $5,431 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 | 439 | 435 | −0.9% |
| Premiums filed | $3,000,822 | $3,209,424 | not comparable |
| Broker commissions + fees | $243,241 | $222,278 | −8.6% |
| 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 |
|---|---|---|---|---|
| Upper Peninsula Power Company Employee Benefit Plan#501 · insurance, general assets, trust | December 31, 2024 | October 14, 2025 | within extension | 435 |
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 Upper Peninsula Power Company pay in health insurance broker commissions in 2024?
Upper Peninsula Power Company's 2024 Form 5500 reports $222,278 in broker commissions and fees across 5 insurance contracts ($219,819 in commissions, $2,459 in fees), with Acrisure receiving the largest share.
Is Upper Peninsula Power Company'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 Blue Shield of Michigan, Humana Insurance Company.
How does Upper Peninsula Power Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Upper Peninsula Power Company because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 200-499 participants that disclosed broker pay reported a median of $77,013.
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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.