Kares Management, Inc.
Updated Filing received by DOL
Kares Management, Inc., an administrative & support services employer in Cherry Hill, New Jersey, reported 248 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.4M in insurance premiums across 3 contracts and $177,017 in broker commissions and fees, 9.1% 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 April 30, 2026, within the extension window.
Who was paid on Kares Management, 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 Kares Management, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| World Ins Assoc LLC · Iselin, NJ | $0 | $93,418 | $93,418 | 1 |
| Kistler Tiffany Benefits General · Berwyn, PA | $25,217 | $46,579 | $71,796 | 3 |
| OneDigital · Atlanta, GA | $10,270 | $0 | $10,270 | 1 |
| Taylor Leigh Perri · Mount Laurel, NJ | $762 | $59 | $821 | 1 |
| Lisa a Perri · Marlton, NJ | $175 | $134 | $309 | 1 |
| Michael J Perri · Malton, NJ | $230 | $59 | $289 | 1 |
| Lauren Ashley Perri · Marlton, NJ | $214 | $68 | $282 | 1 |
| Spencer M Broad · Mount Laurel, NJ | $114 | $0 | $114 | 1 |
| Centro Beneffits Research LLC · Kirkwood, MO | $0 | $0 | $0 | 1 |
| Katz Pierz Inc · Cherry Hill, NJ | $0 | $0 | $0 | 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 |
|---|---|---|---|---|
| Cigna Health and Life Insurance Companyhealth, prescription drug | 204 | $1.4M | $130,785 | 9.1% |
| Guardian Life Insurance Company of Americadental, vision, life, long-term disability | 219 | — | $43,300 | — |
| Colonial Life & Accident Insurance Companylife, short-term disability | 8 | — | $2,932 | — |
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 Kares Management, 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.
Premium per covered person on medical contracts: $7,028 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 | 202 | 248 | +22.8% |
| Premiums filed | $1,336,591 | $1,433,814 | +7.3% |
| Broker commissions + fees | $146,464 | $177,017 | +20.9% |
| Commission rate | 9.1% | 9.1% | +0.0 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 |
|---|---|---|---|---|
| Kares Management, Inc. Health and Welfare Benefits Plan#501 · insurance, general assets | August 31, 2025 | April 30, 2026 | within extension | 248 |
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 Kares Management, Inc. pay in health insurance broker commissions in 2024?
Kares Management, Inc.'s 2024 Form 5500 reports $177,017 in broker commissions and fees across 3 insurance contracts ($36,700 in commissions, $140,317 in fees), with World Ins Assoc LLC receiving the largest share.
Is Kares Management, Inc.'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 Cigna Health and Life Insurance Company.
How does Kares Management, Inc.'s broker compensation compare with similar employers?
Kares Management, Inc. paid 9.1% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in New Jersey is 5.4%. 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.