Athena Global Advisors, Inc.
Updated Filing received by DOL
Athena Global Advisors, Inc., an other services employer in Philadelphia, Pennsylvania, reported 100 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $694,450 in insurance premiums across 4 contracts and $127,692 in broker commissions and fees, 20.3% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 17, 2026, within the extension window.
Who was paid on Athena Global Advisors, 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 Athena Global Advisors, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Risk Placement Services, Inc. · Berkeley Heights, NJ | $111,139 | $1,745 | $112,884 | 4 |
| Patriot Growth · Philadelphia, PA | $9,397 | $1,916 | $11,313 | 2 |
| Savoy Associates · Florham Park, NJ | $0 | $1,834 | $1,834 | 1 |
| Donald C. Savoy, Inc. · Berkeley Heights, NJ | $0 | $1,661 | $1,661 | 1 |
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 |
|---|---|---|---|---|
| Independence Blue Crosshealth, PPO | 120 | $519,102 | $105,385 | 20.3% |
| Independence Blue Crossvision, prescription drug | 120 | $175,348 | $5,754 | 3.3% |
| Principal Financial Groupdental | 133 | — | $4,894 | — |
| Life Insurance Company of North Americalife, short-term disability, long-term disability | 115 | — | $11,659 | — |
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 Athena Global Advisors, 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.
Premium per covered person on medical contracts: $4,326 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
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 |
|---|---|---|---|---|
| Athena Global Advisors Employee Benefit Plan#501 · insurance, general assets | October 31, 2025 | July 17, 2026 | within extension | 100 |
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 Athena Global Advisors, Inc. pay in health insurance broker commissions in 2024?
Athena Global Advisors, Inc.'s 2024 Form 5500 reports $127,692 in broker commissions and fees across 4 insurance contracts ($120,536 in commissions, $7,156 in fees), with Risk Placement Services, Inc. receiving the largest share.
Is Athena Global Advisors, 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 Independence Blue Cross.
How does Athena Global Advisors, Inc.'s broker compensation compare with similar employers?
Athena Global Advisors, Inc. paid 20.3% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Pennsylvania is 4.4%. Percentages are computed only on fully insured medical contracts with filed premiums.
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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.