PETRA OIL COMPANY, INC.

EIN 27-1951934 · TX · Other

Compensation disclosed3 brokers of record on fileAs reported on Form 5500 (Schedules A and C), U.S. Department of Labor.

This filing doesn't itemize broker compensation the way most peer employers do. That can be a clean fee arrangement — or pay baked into premium. Peer market rates for similar plans are below.

Employer-paid broker pay2024 · analysis: Not reported2023: Not reported2022: Not reported2021: $334

Benchmarked against: Other · 1–100 employees · same industry, in-state · n=35 employers

Peer disclosed broker cost: median $53.48 per participant per month · typical range $27.95–$75.51. This company's filings did not itemize an amount to place on that scale.

(latest)

2023 count · 2024 not reported

Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).

Funding

Not reported in filings

Broker pay, employer-paid lines (2024)

—

Peer median $53.48 per participant per month

Where the broker pay actually goes

Each broker and each benefit line, in dollars

How much broker pay rides inside the premium

Base commission against bonuses and other carrier payments, all funded through premium

Whether this number is drifting

Compensation across every filed year, against the peer median

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Benefits covered (latest filing)

Health

From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).

Disclosure opacity

What this filing doesn't show

This filing discloses no compensation on a health or stop-loss contract for 2024 — the plan's largest lines are absent from the public record. That is typical for self-funded plans, not reassuring: 53% of self-funded health plans with 100+ participants disclose the same — nothing (42K plans reviewed, 2024 filings). How we count this. The compensation still exists — under ERISA Section 408(b)(2), it must be disclosed in writing to the plan fiduciary on request.

Get the 408(b)(2) disclosure request letter — a ready-to-send request for the compensation this filing doesn't show. Free with an employer account.

Broker history

Benefit lines covered by year — broker identity limited on public pages

Medical here is self-funded. The employer pays its own health claims (usually through a TPA), so there's no insurance contract for medical and it never appears on Schedule A. The itemized coverages in this filing are the insured ancillary lines — dental, vision, life, disability. Schedule C captures advisor pay two ways: paid directly from plan assets, or received indirectly from a carrier or vendor in connection with the plan. This plan has no Schedule C on file — so any advisor compensation beyond those ancillary lines isn't captured in this filing.

No broker compensation rows linked to this employer's filings for 2024.

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Plans on file

Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.

PN 501PETRA OIL COMPANY EMPLOYEE BENEFITS PLAN3 participants (2021)

HealthDentalLife insuranceShort-term disabilityApprenticeship / trainingLong-term disabilityOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded).

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PN 505PETRA OIL COMPANY EMPLOYEE BENEFITS PLAN TRUST0 participants (2024)

HealthSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 3 years on file

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Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.

At a glance

Primary brokerLimited on public pages

Years on file1

Lead broker continuitySingle year on file

Broker setup3 brokers across benefit lines

Peer benchmarkOthern=35 · state peers

Is this your company?

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How do similar employers compare?

Employers in the same peer group (Other, similar size), from public Form 5500 filings. Open one to see what it pays its broker.

Browse more: Texas employer health plans · Other plans in Texas · all states

Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year on file: 2024. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.

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