Dematic Corp.
Updated Filing received by DOL
Dematic Corp., a manufacturing — metal, equipment, transportation employer in Grand Rapids, Michigan, reported 4,435 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $5.2M in insurance premiums across 10 contracts and $783,057 in broker commissions and fees, 2.8% 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 October 7, 2025, within the extension window.
Who was paid on Dematic Corp.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Dematic Corp. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Custom Benefit Programs Inc · Somerset, NJ | $471,327 | $21,987 | $493,314 | 4 |
| Marsh McLennan Agency · Conshohocken, PA | $220,554 | $62,095 | $282,649 | 5 |
| Mercer · Saint Louis, MO | $7,094 | $0 | $7,094 | 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 Care Network of Michiganhealth, prescription drug | 573 | $5.2M | $142,632 | 2.8% |
| Allstate - American Heritage Life Insurance Companycoverage not coded | 2,008 | — | $50,913 | — |
| Eyemed Vision Carevision | 3,008 | — | $2,096 | — |
| Lincoln National Life Insurance Companylong-term disability | 3,953 | — | $32,919 | — |
| Zurich American Insurance Companycoverage not coded | 3,993 | — | $7,094 | — |
| Allstate - American Heritage Life Insurance Companycoverage not coded | 1,655 | — | $125,995 | — |
| Transamerica Life Insurance Companylife | 1,225 | — | $221,463 | — |
| Lincoln National Life Insurance Companylife | 3,953 | — | $104,973 | — |
| Eyemed Vision Carevision | 51 | — | $29 | — |
| Allstate - American Heritage Life Insurance Companycoverage not coded | 1,191 | — | $94,943 | — |
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 Dematic Corp. 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: $9,023 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 | 4,363 | 4,435 | +1.7% |
| Premiums filed | $5,917,095 | $5,170,185 | −12.6% |
| Broker commissions + fees | $897,043 | $783,057 | −12.7% |
| Commission rate | 3.3% | 2.8% | −0.6 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 |
|---|---|---|---|---|
| Dematic Corp. Salaried Employees Health and Welfare Plan#607 · insurance, general assets | December 31, 2024 | October 7, 2025 | within extension | 4,435 |
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 Dematic Corp. pay in health insurance broker commissions in 2024?
Dematic Corp.'s 2024 Form 5500 reports $783,057 in broker commissions and fees across 10 insurance contracts ($698,975 in commissions, $84,082 in fees), with Custom Benefit Programs Inc receiving the largest share.
Is Dematic Corp.'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 Care Network of Michigan.
How does Dematic Corp.'s broker compensation compare with similar employers?
Dematic Corp. paid 2.8% of medical premium in commissions and fees. The median for employers with 1,000-4,999 participants is 2.0%, and the median in Michigan is 3.2%. 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.