Legacy, LLC
Updated Filing received by DOL
Legacy, LLC, a real estate & rental employer in Milford, Michigan, reported 116 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $70,309 in insurance premiums across 8 contracts and $24,762 in broker commissions and fees. The plan is self-funded (the employer pays claims itself). The Department of Labor received the filing on July 17, 2026, before the deadline.
Who was paid on Legacy, LLC's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Legacy, LLC filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Kapnick & Company, Inc · Ann Arbor, MI | $18,572 | $1,695 | $20,267 | 8 |
| Centro Benefits Research LLC · Beachwood, OH | $0 | $3,298 | $3,298 | 6 |
| W F Hill and Associates Inc. · Bingham Farms, MI | $539 | $162 | $701 | 1 |
| Robin W. Basil · Bingham Farms, MI | $370 | $109 | $479 | 1 |
| Marks Benefit Management LLC · Fayetteville, AR | $11 | $6 | $17 | 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 |
|---|---|---|---|---|
| Delta Dental of Michigandental | 152 | $70,309 | $5,448 | 7.7% |
| The Lincoln National Life Insurance Companylife | 37 | — | $2,800 | — |
| The Lincoln National Life Insurance Companylife | 119 | — | $2,410 | — |
| The Lincoln National Life Insurance Companylong-term disability | 28 | — | $1,504 | — |
| The Lincoln National Life Insurance Companylong-term disability | 28 | — | $1,988 | — |
| The Lincoln National Life Insurance Companyshort-term disability | 28 | — | $1,418 | — |
| The Lincoln National Life Insurance Companyshort-term disability | 36 | — | $3,908 | — |
| Colonial Life & Accident Insurance Companycoverage not coded | 34 | — | $5,286 | — |
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 Legacy, LLC 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 | 120 | 116 | −3.3% |
| Premiums filed | $73,383 | $70,309 | −4.2% |
| Broker commissions + fees | $27,712 | $24,762 | −10.6% |
| 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 |
|---|---|---|---|---|
| Legacy LLC Employee Benefit Plan#501 · insurance, general assets | December 31, 2025 | July 17, 2026 | before deadline | 116 |
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 Legacy, LLC pay in health insurance broker commissions in 2025?
Legacy, LLC's 2025 Form 5500 reports $24,762 in broker commissions and fees across 8 insurance contracts ($19,492 in commissions, $5,270 in fees), with Kapnick & Company, Inc receiving the largest share.
Is Legacy, LLC's health plan self-funded or fully insured?
The 2025 filing indicates the plan is self-funded (the employer pays claims itself).
How does Legacy, LLC's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Legacy, LLC 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.