Freedom Mortgage Corporation
Updated Filing received by DOL
Freedom Mortgage Corporation, a finance & insurance employer in Boca Raton, Florida, reported 3,705 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $408,441 in insurance premiums across 11 contracts and $117,156 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 24, 2026, before the deadline.
Who was paid on Freedom Mortgage Corporation'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 Mortgage Corporation filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| MGMT Compensation Group Se LLC dba · New York, NY | $31,491 | $3,807 | $35,298 | 1 |
| Benefits America Insurance Services · Newport Beach, CA | $31,026 | $0 | $31,026 | 2 |
| Peter Rosengard · Moorestown, NJ | $20,041 | $0 | $20,041 | 1 |
| Alliant Insurance Services · San Diego, CA | $8,477 | $134 | $8,611 | 4 |
| Metro Accident & Health Agency Inc. · Jericho, NY | $7,709 | $0 | $7,709 | 1 |
| NFP · Austin, TX | $7,662 | $0 | $7,662 | 1 |
| Karen R Gardner · Jericho, NY | $6,330 | $0 | $6,330 | 1 |
| Driver Alliant Insurance Services · San Diego, CA | $0 | $479 | $479 | 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 |
|---|---|---|---|---|
| Vision Service Planvision | 2,447 | $408,441 | — | — |
| Life Insurance Company of North Americalife | 14 | — | — | — |
| Kaiser Foundation Health Plan, Inc.health, prescription drug, HMO | 61 | — | $26,770 | — |
| Life Insurance Company of North Americalong-term disability | 1,440 | — | — | — |
| Life Insurance Company of North Americashort-term disability | 4 | — | $138 | — |
| Metlife Legal Planscoverage not coded | 367 | — | $8,952 | — |
| Kaiser Foundation Health Plan, Inc.health, prescription drug, HMO | 11 | — | $4,256 | — |
| Life Insurance Company of North Americacoverage not coded | 3,591 | — | — | — |
| Life Insurance Company of North Americalife | 3,591 | — | — | — |
| Metropolitan Life Insurance Companycoverage not coded | 248 | — | $77,040 | — |
| Life Insurance Company of North Americashort-term disability | 1,151 | — | — | — |
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 Mortgage Corporation 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 | 5,928 | 3,705 | −37.5% |
| Premiums filed | $314,439 | $408,441 | not comparable |
| Broker commissions + fees | $127,308 | $117,156 | −8.0% |
| 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 Mortgage Corporation Welfare Plan#501 · insurance, general assets | March 31, 2026 | July 24, 2026 | before deadline | 3,705 |
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 Mortgage Corporation pay in health insurance broker commissions in 2025?
Freedom Mortgage Corporation's 2025 Form 5500 reports $117,156 in broker commissions and fees across 11 insurance contracts ($112,736 in commissions, $4,420 in fees), with MGMT Compensation Group Se LLC dba receiving the largest share.
Is Freedom Mortgage Corporation'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 Mortgage Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Freedom Mortgage Corporation 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.