Fairstead Mamnagement LLC
Updated Filing received by DOL
Fairstead Mamnagement LLC, a real estate & rental employer in New York, New York, reported 711 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 5 insurance contracts with no premium reported and $85,306 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Unitedhealth Care Insurance Company). The Department of Labor received the filing on July 20, 2026, before the deadline.
Who was paid on Fairstead Mamnagement LLC's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Fairstead Mamnagement LLC filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Alera Group Inc dba Brio · New York, NY | $20,203 | $3,373 | $23,576 | 2 |
| Brio Benefit Consulting Inc · New York, NY | $23,184 | $0 | $23,184 | 2 |
| Alliant Insurance Services · New York, NY | $11,729 | $630 | $12,359 | 2 |
| DBL General Agency · Melville, NY | $0 | $10,905 | $10,905 | 1 |
| Savoy Associates · Berkeley Heightds, NJ | $0 | $6,151 | $6,151 | 1 |
| Epsix Inc · Scottsdale, AZ | $4,353 | $0 | $4,353 | 1 |
| Alera Group Inc · New York, NY | $0 | $4,120 | $4,120 | 1 |
| Risk Placement Services Inc · Berkley Heights, NJ | $0 | $658 | $658 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "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 |
|---|---|---|---|---|
| Metlife Legal Planscoverage not coded | 121 | — | $4,607 | — |
| Metropolitan Life Insurance Companycoverage not coded | 657 | — | $30,400 | — |
| New York Life Group Insurance Company of New Yorklife, short-term disability, long-term disability | 1 | — | $46,179 | — |
| Cigna Health and Life Insurance Companydental, vision | 570 | — | $4,120 | — |
| Unitedhealth Care Insurance Companystop-loss | 657 | — | — | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Fairstead Mamnagement LLC 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 | 2025 | Change | |
|---|---|---|---|
| Participants | 852 | 711 | −16.5% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $58,424 | $85,306 | +46.0% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2025.
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 |
|---|---|---|---|---|
| Fairstead Management LLC Health and Welfare Benefit Plan#501 · insurance, general assets | December 31, 2025 | July 20, 2026 | before deadline | 711 |
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 Fairstead Mamnagement LLC pay in health insurance broker commissions in 2025?
Fairstead Mamnagement LLC's 2025 Form 5500 reports $85,306 in broker commissions and fees across 5 insurance contracts ($59,469 in commissions, $25,837 in fees), with Alera Group Inc dba Brio receiving the largest share.
Is Fairstead Mamnagement LLC's health plan self-funded or fully insured?
The 2025 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from Unitedhealth Care Insurance Company).
How does Fairstead Mamnagement LLC's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Fairstead Mamnagement LLC because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 500-999 participants that disclosed broker pay reported a median of $104,902.
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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.