Home of Economy
Updated Filing received by DOL
Home of Economy, a retail — general merchandise, sporting goods employer in Grand Forks, North Dakota, reported 123 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 3 insurance contracts with no premium reported and $18,886 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 16, 2025, within the extension window.
Who was paid on Home of Economy's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Home of Economy filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| USI Insurance Services · Bloomington, MN | $16,919 | $197 | $17,116 | 2 |
| Mike Anderson · Reynolds, ND | $1,205 | $0 | $1,205 | 1 |
| US Alliance Marketing Corporation · Topeka, KS | $279 | $0 | $279 | 1 |
| Mike Wederski · Topeka, KS | $190 | $0 | $190 | 1 |
| Bill Leier · West Fargo, ND | $96 | $0 | $96 | 1 |
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 |
|---|---|---|---|---|
| Sanford Health Planhealth, prescription drug | 45 | — | $15,523 | — |
| US Alliance Life and Security Companylife | 126 | — | $1,770 | — |
| Metropolitan Life Insurance Companydental, vision | 29 | — | $1,593 | — |
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 Home of Economy 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 | 2024 | Change | |
|---|---|---|---|
| Participants | 111 | 123 | +10.8% |
| Premiums filed | $0 | $0 | not comparable |
| Broker commissions + fees | $19,505 | $18,886 | −3.2% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Home of Economy Group Benefit Welfare Plan#501 · insurance, general assets | December 31, 2024 | September 16, 2025 | within extension | 123 |
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 Home of Economy pay in health insurance broker commissions in 2024?
Home of Economy's 2024 Form 5500 reports $18,886 in broker commissions and fees across 3 insurance contracts ($18,689 in commissions, $197 in fees), with USI Insurance Services receiving the largest share.
Is Home of Economy'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 Sanford Health Plan.
How does Home of Economy's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Home of Economy 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.