BenefitsLedger
Benefits broker · Plan year 2024 · Form 5500 Schedule A

Mads Insurance Agency

Annapolis, MD

Mads Insurance Agency collected $20,096 in commissions and fees from 2 employer health plans in plan year 2024 filings, ranking #7676 among 12,126 brokers named in the public record. Most of its named clients are in Maryland.

Commissions + fees
$20,096
$20,096 commissions · $0 fees
Employer plans
2
4 contracts
Rank
#7676
top 63% of 12,126 brokers
Median rate
n/a
fewer than 10 insured medical plans

Largest clients

Employers whose filings reported the most compensation to this broker.

EmployerPaid to brokerParticipants
The Rockmont Motor Company · Maryland$16,174515
King Automotive Group · Maryland$3,922267

Source: DOL Form 5500 Schedule A Part I, plan year 2024, grouped by broker name as filed. Dataset built October 24, 2026.

Where its clients are

Employer plans naming this broker, by employer state.

2 plans

How much does Mads Insurance Agency earn from employer health plans?

In plan year 2024 filings, employers reported paying Mads Insurance Agency $20,096: $20,096 in commissions and $0 in fees, across 4 insurance contracts at 2 employers. That ranks #7676 of 12,126 brokers in the public record.

What commission rate is paid on plans Mads Insurance Agency brokers?

Not enough fully insured medical plans name Mads Insurance Agency as the sole broker to compute a stable rate. The national median is 3.8% of premium.

Which employers use Mads Insurance Agency?

The largest reported payers in 2024 were The Rockmont Motor Company, King Automotive Group. Maryland is its biggest state by employer count (2 plans).

Amounts are what employers reported on their own filings. They do not include compensation from carriers that is not tied to a specific contract, and names are grouped exactly as filed, so related entities can appear separately. How this record is built.

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