Verstela, a Terra Services, LLC Company
Updated Filing received by DOL
Verstela, a Terra Services, LLC Company, an administrative & support services employer in Everett, Washington, reported 251 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 6 insurance contracts with no premium reported and $161,211 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 15, 2026, before the deadline.
Who was paid on Verstela, a Terra Services, LLC 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 Verstela, a Terra Services, LLC Company filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Lockton · Kansas City, MO | $7,238 | $83,685 | $90,923 | 3 |
| Benefit Guaranty LLC · Greenville, SC | $63,048 | $0 | $63,048 | 1 |
| Southeast Insurance Group · Columbia, SC | $4,492 | $0 | $4,492 | 1 |
| 775 Specialty Program Group, LLC · Yakima, WA | $2,478 | $0 | $2,478 | 1 |
| Total Benefit Solutions · Yakima, WA | $270 | $0 | $270 | 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 |
|---|---|---|---|---|
| Vision Service Planvision | 207 | — | $5,497 | — |
| Canopycoverage not coded | 97 | — | — | — |
| The Guardian Life Insurance Company of Americalife, short-term disability, long-term disability | 216 | — | $5,486 | — |
| Pan American Life Insurance Companystop-loss | 141 | — | — | — |
| American Public Life Insurance Companyhealth, dental, vision, life, short-term disability, stop-loss, indemnity | 113 | — | $67,540 | — |
| Premera Blue Crossstop-loss | 205 | — | $82,688 | — |
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 Verstela, a Terra Services, LLC 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.
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 | 222 | 251 | +13.1% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $122,314 | $161,211 | +31.8% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Verstela Welfare Benefits Plan#501 · insurance, general assets | December 31, 2025 | July 15, 2026 | before deadline | 251 |
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 Verstela, a Terra Services, LLC Company pay in health insurance broker commissions in 2025?
Verstela, a Terra Services, LLC Company's 2025 Form 5500 reports $161,211 in broker commissions and fees across 6 insurance contracts ($77,526 in commissions, $83,685 in fees), with Lockton receiving the largest share.
Is Verstela, a Terra Services, LLC Company's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by American Public Life Insurance Company.
How does Verstela, a Terra Services, LLC Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Verstela, a Terra Services, LLC 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.