Lgi Services LLC
Updated Filing received by DOL
Lgi Services LLC, a manufacturing — metal, equipment, transportation employer in Ankeny, Iowa, reported 661 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $4.4M in insurance premiums across 8 contracts and $155,190 in broker commissions and fees, 1.4% 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 May 27, 2025, before the deadline.
Who was paid on Lgi Services 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 Lgi Services LLC filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Holmes Murphy · Waukee, IA | $111,739 | $23,682 | $135,421 | 8 |
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. Where Part I rows added up to more than the contract's Schedule A total, they were scaled down to that total. 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 |
|---|---|---|---|---|
| Wellmark Blue Cross Blue Shield of Iowahealth | 541 | $4.4M | $64,460 | 1.5% |
| Delta Dental of Iowadental | 470 | — | $10,103 | — |
| Veratrus Benefit Solutionsvision | 402 | — | $6,186 | — |
| Reliance Standardlife | 665 | — | $33,519 | — |
| Reliance Standardlong-term disability | 665 | — | $8,074 | — |
| Assurity Life Insurance Companycoverage not coded | 282 | — | $13,079 | — |
| Employee & Family Resourcescoverage not coded | 668 | — | — | — |
| CVS Pharmacy, Incprescription drug | 541 | — | $19,769 | — |
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 Lgi Services 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.
Premium per covered person on medical contracts: $8,209 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 | 636 | 661 | +3.9% |
| Premiums filed | $4,590,003 | $4,440,886 | −3.2% |
| Broker commissions + fees | $113,918 | $155,190 | +36.2% |
| Commission rate | 1.3% | 1.4% | +0.1 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 |
|---|---|---|---|---|
| Lgi Services LLC#503 · insurance, general assets | December 31, 2024 | May 27, 2025 | before deadline | 661 |
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 Lgi Services LLC pay in health insurance broker commissions in 2024?
Lgi Services LLC's 2024 Form 5500 reports $155,190 in broker commissions and fees across 8 insurance contracts ($125,992 in commissions, $29,198 in fees), with Holmes Murphy receiving the largest share.
Is Lgi Services LLC'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 Wellmark Blue Cross Blue Shield of Iowa.
How does Lgi Services LLC's broker compensation compare with similar employers?
Lgi Services LLC paid 1.4% of medical premium in commissions and fees. The median for employers with 500-999 participants is 2.7%, and the median in Iowa is 1.6%. 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.