Wits Solutions, Inc
Updated Filing received by DOL
Wits Solutions, Inc, a construction employer in San Mateo, California, reported 126 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 7 insurance contracts with no premium reported and $29,744 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 23, 2025, within the extension window.
Who was paid on Wits Solutions, 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 Wits Solutions, Inc filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Employee Benefits Corp. of America · McLean, VA | $24,600 | $2,768 | $27,368 | 1 |
| Fce Benefit Administrators, Inc. · San Antonio, TX | $1,809 | $567 | $2,376 | 10 |
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 |
|---|---|---|---|---|
| Anthem Blue Cross Blue Shieldhealth | 75 | — | $27,368 | — |
| Fidelity Security Life Insurance Companyvision | 110 | — | $172 | — |
| Fidelity Security Life Insurance Companyhealth, prescription drug, indemnity | 11 | — | $167 | — |
| Reliance Standard Life Insurance Companylife | 53 | — | $630 | — |
| Reliance Standard Life Insurance Companycoverage not coded | 53 | — | $108 | — |
| Reliance Standard Life Insurance Companycoverage not coded | 8 | — | $541 | — |
| Reliance Standard Life Insurance Companylife | 15 | — | $758 | — |
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 Wits Solutions, 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.
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 | 146 | 126 | −13.7% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $2,995 | $29,744 | +893.1% |
| 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 |
|---|---|---|---|---|
| Wits Solutions, Inc. Health and Welfare Plan#501 · insurance, trust | December 31, 2024 | September 23, 2025 | within extension | 126 |
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 Wits Solutions, Inc pay in health insurance broker commissions in 2024?
Wits Solutions, Inc's 2024 Form 5500 reports $29,744 in broker commissions and fees across 7 insurance contracts ($26,409 in commissions, $3,335 in fees), with Employee Benefits Corp. of America receiving the largest share.
Is Wits Solutions, 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 Anthem Blue Cross Blue Shield, Fidelity Security Life Insurance Company.
How does Wits Solutions, Inc's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Wits Solutions, Inc because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 100-199 participants that disclosed broker pay reported a median of $53,852.
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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.