Credit Management Services, Inc.
Updated Filing received by DOL
Credit Management Services, Inc., an administrative & support services employer in Grand Island, Nebraska, reported 131 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $30,598 in insurance premiums across 9 contracts and $52,074 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 17, 2025, before the deadline.
Who was paid on Credit Management Services, 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 Credit Management Services, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Gallagher · Chicago, IL | $46,590 | $4,154 | $50,744 | 9 |
| Strong Financial Resources, Inc. · Mesa, AZ | $887 | $0 | $887 | 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 |
|---|---|---|---|---|
| Standard Insurance Companylife | 101 | $30,598 | $3,092 | 10.1% |
| Medica Insurance Companyhealth, prescription drug | 62 | — | $28,201 | — |
| Principal Life Insurance Companydental, vision, life | 137 | — | $7,477 | — |
| American Heritage Life Insurance Companyshort-term disability | 32 | — | $8,539 | — |
| Emc National Lifelife | 20 | — | $32 | — |
| Trustmark Life Insurance Companylife | 20 | — | $454 | — |
| Companion Life Insurance Companylife | 20 | — | $1,330 | — |
| Hartford Life and Accidentlife | 20 | — | $1,188 | — |
| The Guardian Life Insurance Company of Americalife | 21 | — | $1,761 | — |
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 Credit Management Services, 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 | 145 | 131 | −9.7% |
| Premiums filed | $25,863 | $30,598 | not comparable |
| Broker commissions + fees | $54,818 | $52,074 | −5.0% |
| 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 |
|---|---|---|---|---|
| Group Health Plan for Credit Management Services, Inc.#503 · insurance, general assets | December 31, 2024 | July 17, 2025 | before deadline | 131 |
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 Credit Management Services, Inc. pay in health insurance broker commissions in 2024?
Credit Management Services, Inc.'s 2024 Form 5500 reports $52,074 in broker commissions and fees across 9 insurance contracts ($47,920 in commissions, $4,154 in fees), with Gallagher receiving the largest share.
Is Credit Management Services, 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 Medica Insurance Company.
How does Credit Management Services, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Credit Management Services, Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 100-199 participants that disclosed broker pay reported a median of $53,852.
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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.