HMS Products Co./Hms MFG. Co.
Updated Filing received by DOL
HMS Products Co./Hms MFG. Co., a manufacturing — metal, equipment, transportation employer in Troy, Michigan, reported 341 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.2M in insurance premiums across 12 contracts and $122,633 in broker commissions and fees, 4.3% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 24, 2025, within the extension window.
Who was paid on HMS Products Co./Hms MFG. Co.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract HMS Products Co./Hms MFG. Co. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Rebecca a McLaughlan · Troy, MI | $82,879 | $0 | $82,879 | 2 |
| Marsh McLennan Agency · Minneapolis, MN | $30,727 | $8,128 | $38,855 | 12 |
| Strategic Services Inc · Rochester Hills, MI | $339 | $0 | $339 | 2 |
| Dennis W McVittie · Northville, MI | $266 | $0 | $266 | 2 |
| Joshua Devries · Fenton, MI | $82 | $0 | $82 | 1 |
| Hilary Ebner · Lathrup Village, MI | $54 | $0 | $54 | 1 |
| Richard Moeller · Saint Clair Shores, MI | $29 | $0 | $29 | 2 |
| Jeffrey Werner LLC · Williamston, MI | $28 | $0 | $28 | 1 |
| Thomas Danko · Bruce TWP, MI | $21 | $0 | $21 | 2 |
| Steven Peterson · Saline, MI | $19 | $0 | $19 | 1 |
| Kacy Gruenkemeyer · Chattanooga, TN | $9 | $0 | $9 | 1 |
| Gail Graves · Franklin, MI | $8 | $0 | $8 | 2 |
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 |
|---|---|---|---|---|
| Blue Cross Blue Shield of Michiganhealth, vision, prescription drug, PPO | 340 | $1.2M | $35,574 | 3.0% |
| Blue Care Network of Michiganhealth, prescription drug, HMO | 147 | $823,334 | $50,836 | 6.2% |
| Delta Dental of Michigandental | 500 | $156,870 | $5,274 | 3.4% |
| Aflacshort-term disability | 1 | — | $48 | — |
| Aflacshort-term disability | 6 | — | $261 | — |
| Prepaid Legal Services Inc dba Legalshieldcoverage not coded | 21 | — | $595 | — |
| Prepaid Legal Services Inc dba Legalshieldcoverage not coded | 33 | — | $858 | — |
| Unum Life Insurance Company of Americalife, short-term disability, long-term disability | 332 | — | $10,926 | — |
| Unum Life Insurance Company of Americalife | 161 | — | $11,695 | — |
| Unum Insurance Companycoverage not coded | 59 | — | $2,632 | — |
| Unum Insurance Companycoverage not coded | 37 | — | $1,707 | — |
| Unum Insurance Companycoverage not coded | 26 | — | $2,227 | — |
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 HMS Products Co./Hms MFG. Co. 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.
Premium per covered person on medical contracts: $4,135 a year (national median $7,274).
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 | 343 | 341 | −0.6% |
| Premiums filed | $2,181,978 | $2,170,532 | −0.5% |
| Broker commissions + fees | $99,746 | $122,633 | +22.9% |
| Commission rate | 3.3% | 4.3% | +1.0 pts |
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 |
|---|---|---|---|---|
| HMS Products Co./Hms MFG. Co. Employee Benefits Plan#502 · insurance, general assets | December 31, 2024 | September 24, 2025 | within extension | 341 |
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 HMS Products Co./Hms MFG. Co. pay in health insurance broker commissions in 2024?
HMS Products Co./Hms MFG. Co.'s 2024 Form 5500 reports $122,633 in broker commissions and fees across 12 insurance contracts ($114,505 in commissions, $8,128 in fees), with Rebecca a McLaughlan receiving the largest share.
Is HMS Products Co./Hms MFG. Co.'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 Michigan, Blue Care Network of Michigan.
How does HMS Products Co./Hms MFG. Co.'s broker compensation compare with similar employers?
HMS Products Co./Hms MFG. Co. paid 4.3% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Michigan is 3.2%. Percentages are computed only on fully insured medical contracts with filed premiums.
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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.