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

Riggs Counselman Michaels & Downs

Hunt Valley, MD

Riggs Counselman Michaels & Downs collected $258,686 in commissions and fees from 3 employer health plans in plan year 2024 filings, ranking #1545 among 12,126 brokers named in the public record. Most of its named clients are in Maryland.

Commissions + fees
$258,686
$258,686 commissions · $0 fees
Employer plans
3
5 contracts
Rank
#1545
top 13% 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
Beretta USA Corporation · Maryland$231,828258
Community Clinic, Inc. · Maryland$26,838268
Ashgrove Holdings, LLC · Virginia$201,344

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
1 plans

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

In plan year 2024 filings, employers reported paying Riggs Counselman Michaels & Downs $258,686: $258,686 in commissions and $0 in fees, across 5 insurance contracts at 3 employers. That ranks #1545 of 12,126 brokers in the public record.

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

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

Which employers use Riggs Counselman Michaels & Downs?

The largest reported payers in 2024 were Beretta USA Corporation, Community Clinic, Inc., Ashgrove Holdings, LLC. 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.

Is this your company's plan? Get a written review of the filing.
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.