L & M Companies, Inc.
Updated Filing received by DOL
L & M Companies, Inc., a wholesale trade employer in Raleigh, North Carolina, reported 137 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 10 insurance contracts with no premium reported and $57,950 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Sun Life Assurance Company of Canada). The Department of Labor received an amended filing on August 19, 2026; the original filing date is not in the public dataset.
Who was paid on L & M Companies, 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 L & M Companies, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Aon · Chicago, IL | $30,721 | $3,367 | $34,088 | 7 |
| Custom Benefit Programs, Inc. · Hammonton, NJ | $11,398 | $0 | $11,398 | 2 |
| Joe Fernandez · Prosper, TX | $7,022 | $0 | $7,022 | 1 |
| TBX Employee Benefits LLC · Plano, TX | $5,442 | $0 | $5,442 | 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 |
|---|---|---|---|---|
| Metropolitan Life Insurance Companydental | 365 | — | $7,964 | — |
| Life Insurance Company of North Americalong-term disability | 247 | — | $1,386 | — |
| Life Insurance Company of North Americalife | 357 | — | $932 | — |
| Life Insurance Company of North Americacoverage not coded | 61 | — | $3,717 | — |
| Life Insurance Company of North Americashort-term disability | 247 | — | — | — |
| Life Insurance Company of North Americacoverage not coded | 247 | — | $161 | — |
| Life Insurance Company of North Americacoverage not coded | 247 | — | $2 | — |
| Aetna Life Insurance Co.indemnity | 49 | — | $19,942 | — |
| Sun Life Assurance Company of Canadastop-loss | 139 | — | $19,926 | — |
| Combined Insurancecoverage not coded | 7 | — | $3,920 | — |
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 L & M Companies, 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.
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 | 182 | 137 | −24.7% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $37,817 | $57,950 | +53.2% |
| 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 |
|---|---|---|---|---|
| L & M Benefit Plan#501 · amended · insurance, general assets, trust | December 31, 2024 | August 19, 2026 | amended filing; original date not in data | 137 |
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 L & M Companies, Inc. pay in health insurance broker commissions in 2024?
L & M Companies, Inc.'s 2024 Form 5500 reports $57,950 in broker commissions and fees across 10 insurance contracts ($54,583 in commissions, $3,367 in fees), with Aon receiving the largest share.
Is L & M Companies, Inc.'s health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from Sun Life Assurance Company of Canada).
How does L & M Companies, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for L & M Companies, Inc. 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.