Clancy & Theys Construction Company
Updated Filing received by DOL
Clancy & Theys Construction Company, a construction employer in Raleigh, North Carolina, reported 380 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.2M in insurance premiums across 8 contracts and $130,118 in broker commissions and fees, 1.1% 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 December 18, 2025, before the deadline.
Who was paid on Clancy & Theys Construction Company's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Clancy & Theys Construction Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Marsh McLennan Agency · Raleigh, NC | $82,243 | $10,813 | $93,056 | 10 |
| Mary E Esposito · Raleigh, NC | $13,684 | $0 | $13,684 | 1 |
| William Salmon · Raleigh, NC | $13,280 | $0 | $13,280 | 1 |
| ADP · Philadelphia, PA | $0 | $5,376 | $5,376 | 4 |
| Jill W Denton · Durham, NC | $3,489 | $0 | $3,489 | 2 |
| Michael S Withrow · Palm Bay, FL | $760 | $0 | $760 | 1 |
| Ryan Scott Shadel · Hillsborough, NC | $276 | $0 | $276 | 1 |
| Teators Insurance Protection SVCS · Cary, NC | $129 | $0 | $129 | 1 |
| Steven W Cooper · Hillsborough, NC | $57 | $0 | $57 | 1 |
| William L Baker · Raleigh, NC | $2 | $0 | $2 | 1 |
| Matthew W Piner · New Bern, NC | $2 | $0 | $2 | 1 |
| Gordon K Vann · Greenville, NC | $2 | $0 | $2 | 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 |
|---|---|---|---|---|
| Blue Cross & Blue Shield of North Carolinahealth, prescription drug, stop-loss | 721 | $1.2M | $13,280 | 1.1% |
| Continental American Insurance Companyindemnity | 194 | — | $33,730 | — |
| Flores and Associatescoverage not coded | 71 | — | — | — |
| Sun Life Assurance Company of Canadadental, vision | 298 | — | $26,588 | — |
| The Lincoln National Life Insurancelife | 220 | — | $13,709 | — |
| The Lincoln National Life Insurancelong-term disability | 237 | — | $15,582 | — |
| The Lincoln National Life Insurancelife | 407 | — | $21,343 | — |
| The Lincoln National Life Insurancelife | 385 | — | $5,886 | — |
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 Clancy & Theys Construction Company 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: $1,650 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
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 382 | 380 | −0.5% |
| Premiums filed | $1,234,360 | $1,189,999 | −3.6% |
| Broker commissions + fees | $110,935 | $130,118 | +17.3% |
| Commission rate | 1.1% | 1.1% | +0.1 pts |
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 |
|---|---|---|---|---|
| Clancy & Theys Construction Company Insurance Benefits Plan#501 · insurance, general assets | July 31, 2025 | December 18, 2025 | before deadline | 380 |
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 Clancy & Theys Construction Company pay in health insurance broker commissions in 2024?
Clancy & Theys Construction Company's 2024 Form 5500 reports $130,118 in broker commissions and fees across 8 insurance contracts ($113,929 in commissions, $16,189 in fees), with Marsh McLennan Agency receiving the largest share.
Is Clancy & Theys Construction Company'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 Blue Cross & Blue Shield of North Carolina.
How does Clancy & Theys Construction Company's broker compensation compare with similar employers?
Clancy & Theys Construction Company paid 1.1% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in North Carolina is 4.5%. 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.