College Foundation Inc
Updated Filing received by DOL
College Foundation Inc, an education services employer in Raleigh, North Carolina, reported 205 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows 4 insurance contracts with no premium reported and $22,979 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on April 14, 2026, 73 days after the base deadline with no extension indicated on the form.
Who was paid on College Foundation 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 College Foundation Inc filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Gallagher · Rolling Meadows, IL | $6,870 | $5,627 | $12,497 | 2 |
| Mark Stephen Mettille · Saint Petersburg, FL | $7,003 | $0 | $7,003 | 1 |
| Mosaic Group Services · Durham, NC | $3,366 | $0 | $3,366 | 1 |
| Marsh McLennan Agency · Research Triangle Park, NC | $113 | $0 | $113 | 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 |
|---|---|---|---|---|
| Guardian Life Insurance Company of Americadental, vision, short-term disability, long-term disability | 142 | — | $17,874 | — |
| Usable Lifelife | 142 | — | $4,992 | — |
| Hartford Life and Accidentcoverage not coded | 142 | — | $113 | — |
| Blue Cross and Blue Shield of North Carolinahealth, prescription drug, PPO | 207 | — | — | — |
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 College Foundation 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 | 205 | 205 | +0.0% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $11,480 | $22,979 | +100.2% |
| 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 |
|---|---|---|---|---|
| College Foundation, Inc. Post Retirement Benefit Plan#503 · general assets, trust | June 30, 2025 | April 14, 2026 | 73 days after deadline, no extension indicated | 205 |
| College Foundation Inc Group Insurance Plan#501 · insurance, general assets | June 30, 2025 | January 7, 2026 | before deadline | 142 |
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 College Foundation Inc pay in health insurance broker commissions in 2024?
College Foundation Inc's 2024 Form 5500 reports $22,979 in broker commissions and fees across 4 insurance contracts ($17,352 in commissions, $5,627 in fees), with Gallagher receiving the largest share.
Is College Foundation 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 Blue Cross and Blue Shield of North Carolina.
How does College Foundation Inc's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for College Foundation Inc because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 200-499 participants that disclosed broker pay reported a median of $77,013.
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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.