Cardinal Financial Company, Limited Partnership
Updated Filing received by DOL
Cardinal Financial Company, Limited Partnership, a finance & insurance employer in Charlotte, North Carolina, reported 1,091 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $503,370 in insurance premiums across 25 contracts and $513,446 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on May 19, 2026, before the deadline.
Who was paid on Cardinal Financial Company, Limited Partnership's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Cardinal Financial Company, Limited Partnership filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Aon · Chicago, IL | $318,048 | $112,699 | $430,747 | 16 |
| Custom Benefit Programs Inc · Hammonton, NJ | $26,520 | $0 | $26,520 | 1 |
| Alight Holding Company LLC · Lincolnshire, IL | $0 | $15,862 | $15,862 | 1 |
| Hewitt Insurance Brokerage · Chicago, IL | $11,340 | $0 | $11,340 | 2 |
| Lockton · Denver, CO | $10,960 | $0 | $10,960 | 1 |
| Hewitt Ins Brokerage LLC · Chicago, IL | $6,777 | $0 | $6,777 | 1 |
| Jennifer N Buck · Pecatonica, IL | $6,693 | $0 | $6,693 | 1 |
| Jennifer Buck · Atlanta, GA | $4,547 | $0 | $4,547 | 2 |
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
The 24 largest of 25 contracts 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 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Cardinal Financial Company, Limited Partnership 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.
Premium per covered person on medical contracts: $7,330 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 | 1,826 | 1,091 | −40.3% |
| Premiums filed | $599,328 | $503,370 | not comparable |
| Broker commissions + fees | $714,716 | $513,446 | −28.2% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Cardinal Financial Company Health & Welfare Plan#501 · insurance, general assets | December 31, 2025 | May 19, 2026 | before deadline | 1,091 |
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 Cardinal Financial Company, Limited Partnership pay in health insurance broker commissions in 2025?
Cardinal Financial Company, Limited Partnership's 2025 Form 5500 reports $513,446 in broker commissions and fees across 25 insurance contracts ($384,885 in commissions, $128,561 in fees), with Aon receiving the largest share.
Is Cardinal Financial Company, Limited Partnership's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Medical Mutual, Kaiser Foundation Health Plan of Washington Options, Inc., Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc..
How does Cardinal Financial Company, Limited Partnership's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Cardinal Financial Company, Limited Partnership 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.
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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.