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

Riggs Counselman Michaels & Downes

Baltimore, MD

Riggs Counselman Michaels & Downes collected $2.8M in commissions and fees from 52 employer health plans in plan year 2024 filings, ranking #179 among 12,126 brokers named in the public record. Most of its named clients are in Maryland.

Commissions + fees
$2.8M
$1.7M commissions · $1.1M fees
Employer plans
52
144 contracts
Rank
#179
top 1% 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
Johns Hopkins Hospital · Maryland$282,91616,239
Reify Health, Inc · Massachusetts$269,825828
Asm Research, LLC · Virginia$201,8401,398
Singer Equipment Company, Inc. · Pennsylvania$148,989671
Metaphase Consulting, LLC · Virginia$144,122326
Zerofox, Inc. · Maryland$124,461407
Midpoint Technology Group LLC · Maryland$119,504240
Heraeus Incorporated · Pennsylvania$109,0751,609
Dxi Construction, Inc. · Maryland$107,769288
Fello, Inc. · Maryland$107,108548
Two Farms, Inc. · Maryland$102,176633
Movement Holdings, LLC · Maryland$98,748297
Shore Up Inc. · Maryland$81,372179
Ridgewells Holding · Maryland$64,311149
The McHenry Management Group, LLC · Virginia$64,013227
Martek Global Services, Inc. · District of Columbia$60,407147
National Assoc. of State Workforce Agencies · District of Columbia$58,961115
Hendall Inc. · Maryland$56,553132
All Children Health System, Inc · Florida$50,9223,404
Optica · District of Columbia$46,171146
Emjay Construction Co., Inc. · Maryland$39,075142
Clinical Associates, P.A. · Maryland$38,339132
Integrated Finance and Accounting Solutions · District of Columbia$35,603210
Geo Specialty Chemicals, Inc. · Illinois$33,081221
American Public Education, Inc. · West Virginia$31,8922,387

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.

How much does Riggs Counselman Michaels & Downes earn from employer health plans?

In plan year 2024 filings, employers reported paying Riggs Counselman Michaels & Downes $2,799,061: $1,727,261 in commissions and $1,071,800 in fees, across 144 insurance contracts at 52 employers. That ranks #179 of 12,126 brokers in the public record.

What commission rate is paid on plans Riggs Counselman Michaels & Downes brokers?

Not enough fully insured medical plans name Riggs Counselman Michaels & Downes as the sole broker to compute a stable rate. The national median is 3.8% of premium.

Which employers use Riggs Counselman Michaels & Downes?

The largest reported payers in 2024 were Johns Hopkins Hospital, Reify Health, Inc, Asm Research, LLC. Maryland is its biggest state by employer count (28 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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A WellthCare benefits specialist reads your Form 5500 the way a fiduciary reviewer would and writes up what to take to your broker before renewal. Free, from the public record only.