Florida Memorial University, Inc.
Updated Filing received by DOL
Florida Memorial University, Inc., an education services employer in Miami Gardens, Florida, reported 195 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 12 insurance contracts with no premium reported and $125,978 in broker commissions and fees. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on September 10, 2026, before the deadline.
Who was paid on Florida Memorial University, 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 Florida Memorial University, Inc. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| World Insurance Associates · Miami, FL | $94,958 | $0 | $94,958 | 2 |
| World Ins Assoc LLC · Iselin, NJ | $27,193 | $0 | $27,193 | 5 |
| World Ins Associates LLC · Iselin, NJ | $1,808 | $0 | $1,808 | 1 |
| Kelley J Rheault · Sebastian, FL | $1,013 | $0 | $1,013 | 1 |
| Excelsior Benefitsllc · Excelsior, MN | $803 | $0 | $803 | 1 |
| Ateam Consultants LLC · Kennesaw, GA | $121 | $0 | $121 | 1 |
| Aka Solutions Inc · Sebastian, FL | $53 | $0 | $53 | 1 |
| Beingsource LLC · Oakland Park, FL | $29 | $0 | $29 | 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 |
|---|---|---|---|---|
| Health Optionshealth, prescription drug, HMO | 77 | — | $57,448 | — |
| Eyemed Vision Care - Fidelity Security Life Insurance Companyvision | 85 | — | — | — |
| The Lincoln National Life Insurance Companydental, HMO | 44 | — | — | — |
| The Lincoln National Life Insurance Companydental | 65 | — | $5,102 | — |
| Transamerica Life Insurance Companycoverage not coded | 40 | — | $2,611 | — |
| The Lincoln Life Insurance Companylife | 184 | — | $14,853 | — |
| The Lincoln National Life Insurance Companylong-term disability | 50 | — | $4,331 | — |
| The Lincoln National Life Insurance Companyshort-term disability | 63 | — | $2,107 | — |
| Fidelity Security Life Insurance Company - Eyemedvision | 55 | — | — | — |
| Blue Cross Blue Shield of Floridahealth, prescription drug | 39 | — | $37,510 | — |
| The Lincoln National Life Insurance Companylife | 68 | — | $800 | — |
| Pre-Paid Legal Services Inc dba Legalshieldcoverage not coded | 21 | — | $1,216 | — |
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 Florida Memorial University, 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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 209 | 195 | −6.7% |
| Premiums filed | $1,626,721 | $0 | not comparable |
| Broker commissions + fees | $111,654 | $125,978 | +12.8% |
| Commission rate | 5.1% | — | — |
Source: DOL Form 5500 filings for plan years 2024 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 |
|---|---|---|---|---|
| Florida Memorial University, Inc. Employee Welfare Benefits Plan#510 · insurance | March 31, 2026 | September 10, 2026 | before deadline | 195 |
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 Florida Memorial University, Inc. pay in health insurance broker commissions in 2025?
Florida Memorial University, Inc.'s 2025 Form 5500 reports $125,978 in broker commissions and fees across 12 insurance contracts ($125,978 in commissions, $0 in fees), with World Insurance Associates receiving the largest share.
Is Florida Memorial University, Inc.'s health plan self-funded or fully insured?
The 2025 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by Health Options, Blue Cross Blue Shield of Florida.
How does Florida Memorial University, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Florida Memorial University, 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.