Blue Ribbon Restaurants Novi, LLC
Updated Filing received by DOL
Blue Ribbon Restaurants Novi, LLC, an accommodation & food services employer in Troy, Michigan, reported 102 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $866,572 in insurance premiums across 2 contracts and $49,702 in broker commissions and fees, 4.6% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on July 9, 2026, before the deadline.
Who was paid on Blue Ribbon Restaurants Novi, LLC's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Blue Ribbon Restaurants Novi, LLC filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Salvatore J. Giammarusti Iii · Troy, MI | $22,947 | $0 | $22,947 | 1 |
| Scott Settle · Troy, MI | $15,708 | $0 | $15,708 | 1 |
| USI Insurance Services · Grand Rapids, MI | $6,221 | $4,826 | $11,047 | 4 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Michiganhealth, prescription drug, PPO | 111 | $866,572 | $39,531 | 4.6% |
| The Lincoln National Life Insurance Companydental, vision, life, short-term disability, long-term disability | 85 | — | $10,171 | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Blue Ribbon Restaurants Novi, LLC 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: $7,807 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 116 | 102 | −12.1% |
| Premiums filed | $847,381 | $866,572 | +2.3% |
| Broker commissions + fees | $51,356 | $49,702 | −3.2% |
| Commission rate | 4.8% | 4.6% | −0.2 pts |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
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 |
|---|---|---|---|---|
| Blue Ribbon Health and Welfare Plan#501 · insurance | December 31, 2025 | July 9, 2026 | before deadline | 102 |
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 Blue Ribbon Restaurants Novi, LLC pay in health insurance broker commissions in 2025?
Blue Ribbon Restaurants Novi, LLC's 2025 Form 5500 reports $49,702 in broker commissions and fees across 2 insurance contracts ($44,876 in commissions, $4,826 in fees), with Salvatore J. Giammarusti Iii receiving the largest share.
Is Blue Ribbon Restaurants Novi, LLC's health plan self-funded or fully insured?
The 2025 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by Blue Cross Blue Shield of Michigan.
How does Blue Ribbon Restaurants Novi, LLC's broker compensation compare with similar employers?
Blue Ribbon Restaurants Novi, LLC paid 4.6% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Michigan is 3.2%. 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.