Braman Motors, Inc.
Updated Filing received by DOL
Braman Motors, Inc., a retail — stores, food, auto, clothing employer in Miami, Florida, reported 1,915 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 23 insurance contracts with no premium reported and $612,491 in broker commissions and fees. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on January 11, 2026, within the extension window.
Who was paid on Braman Motors, 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 Braman Motors, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Aon · Chicago, IL | $258,072 | $60,659 | $318,731 | 18 |
| Gis Benefits Inc · Morris, IL | $104,128 | $26,923 | $131,051 | 7 |
| Custom Benefits Prog Inc · Hammonton, NJ | $115,821 | $2,763 | $118,584 | 4 |
| National Agency Solutions LLC · Sarasota, FL | $15,932 | $0 | $15,932 | 10 |
| Plansource Benefit Admin Inc · Orlando, FL | $10,536 | $0 | $10,536 | 1 |
| Custom Benefit Programs Inc · Somerset, NJ | $6,866 | $1,793 | $8,659 | 4 |
| Plansource Benefits Administration · Orlando, FL | $0 | $8,515 | $8,515 | 1 |
| Boon-Chapman, Inc. · Austin, TX | $401 | $0 | $401 | 1 |
| Img · Indianapolis, IN | $0 | $82 | $82 | 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.
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 Braman Motors, 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.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 1,771 | 1,915 | +8.1% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $904,414 | $612,491 | −32.3% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
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 |
|---|---|---|---|---|
| Braman Motors, Inc. Cafeteria Plan#501 · insurance | March 31, 2025 | January 11, 2026 | within extension | 1,915 |
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 Braman Motors, Inc. pay in health insurance broker commissions in 2024?
Braman Motors, Inc.'s 2024 Form 5500 reports $612,491 in broker commissions and fees across 23 insurance contracts ($511,756 in commissions, $100,735 in fees), with Aon receiving the largest share.
Is Braman Motors, Inc.'s health plan self-funded or fully insured?
The 2024 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by American Public Life Insurance Company, Kaiser Foundation Health Plan of Colorado.
How does Braman Motors, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Braman Motors, Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 1,000-4,999 participants that disclosed broker pay reported a median of $168,579.
Send the full findings to your inbox.
A specialist writes up every finding for Braman Motors, Inc. with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
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.