Freedom Financial Network, LLC
Updated Filing received by DOL
Freedom Financial Network, LLC, a finance & insurance employer in San Mateo, California, reported 2,340 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows 5 insurance contracts with no premium reported and $67,700 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, 2026, before the deadline.
Who was paid on Freedom Financial Network, 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 Freedom Financial Network, LLC filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Newfront Insurance Services, LLC · San Mateo, CA | $50,307 | $0 | $50,307 | 2 |
| Abd Ins. and Financial SVCS., Inc. · San Mateo, CA | $9,764 | $0 | $9,764 | 1 |
| Lockton · San Mateo, CA | $3,300 | $0 | $3,300 | 1 |
| Alliant Insurance Services · Irvine, CA | $2,812 | $52 | $2,864 | 2 |
| Acrisure · San Mateo, CA | $1,465 | $0 | $1,465 | 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 |
|---|---|---|---|---|
| Kaiser Foundation Health Plan, Inc.health, prescription drug, HMO | 72 | — | $52 | — |
| Legal Club of Americacoverage not coded | 226 | — | $17,341 | — |
| Aetna Behavioral Health, LLCcoverage not coded | 2,776 | — | — | — |
| Lincoln National Life Insurance Companylife, short-term disability, long-term disability | 2,246 | — | $29,840 | — |
| The Lincoln National Life Insurance Companycoverage not coded | 392 | — | $20,467 | — |
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 Freedom Financial Network, 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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 2,650 | 2,340 | −11.7% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $153,244 | $67,700 | −55.8% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Freedom Financial Network Funding, LLC Welfare Benefits Plan#501 · insurance, general assets | December 31, 2025 | July 17, 2026 | before deadline | 2,340 |
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 Freedom Financial Network, LLC pay in health insurance broker commissions in 2025?
Freedom Financial Network, LLC's 2025 Form 5500 reports $67,700 in broker commissions and fees across 5 insurance contracts ($67,648 in commissions, $52 in fees), with Newfront Insurance Services, LLC receiving the largest share.
Is Freedom Financial Network, LLC's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Kaiser Foundation Health Plan, Inc..
How does Freedom Financial Network, LLC's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Freedom Financial Network, LLC because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 1,000-4,999 participants that disclosed broker pay reported a median of $168,579.
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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.