Fairfield Chair Company
Updated Filing received by DOL
Fairfield Chair Company, a manufacturing — metal, equipment, transportation employer in Lenoir, North Carolina, reported 395 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 5 insurance contracts with no premium reported and $99,837 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 29, 2026, 14 days after the extended deadline.
Who was paid on Fairfield Chair 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 Fairfield Chair Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| NFP · Charlotte, NC | $48,805 | $1,966 | $50,771 | 3 |
| Sean Thomas Michelsen · Charlotte, NC | $33,780 | $0 | $33,780 | 1 |
| Mosaic Group Services LLC · Durham, NC | $15,796 | $0 | $15,796 | 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 |
|---|---|---|---|---|
| Symetra Lifelife, short-term disability, long-term disability | 390 | — | $47,387 | — |
| Community Eye Carevision | 390 | — | $2,401 | — |
| Sunlifedental | 257 | — | $16,269 | — |
| HCC Life Ins Costop-loss | 258 | — | — | — |
| Blue Cross Blue Shield of NChealth | 291 | — | $33,780 | — |
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 Fairfield Chair 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.
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 | 435 | 395 | −9.2% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $59,531 | $99,837 | +67.7% |
| 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 |
|---|---|---|---|---|
| Fairfield Chair Company Health and Welfare Plan#501 · insurance, general assets | September 30, 2025 | July 29, 2026 | 14 days late | 395 |
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 Fairfield Chair Company pay in health insurance broker commissions in 2024?
Fairfield Chair Company's 2024 Form 5500 reports $99,837 in broker commissions and fees across 5 insurance contracts ($98,381 in commissions, $1,456 in fees), with NFP receiving the largest share.
Is Fairfield Chair 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 NC.
How does Fairfield Chair Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Fairfield Chair Company 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.