Matheny Medical & Educational Center
Updated Filing received by DOL
Matheny Medical & Educational Center, an education services employer in Peapeck, New Jersey, reported 520 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $286,125 in insurance premiums across 13 contracts and $75,047 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Berkshire Hathaway Specialty Insurance Company). The Department of Labor received the filing on March 16, 2026, 1 days after the extended deadline.
Who was paid on Matheny Medical & Educational Center's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Matheny Medical & Educational Center filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Innovative Benefit Planning · Moorestown, NJ | $41,961 | $14,624 | $56,585 | 8 |
| James R Nelligan & Assoc · Wall, NJ | $8,553 | $9,909 | $18,462 | 4 |
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 |
|---|---|---|---|---|
| Delta Dental of New Jersey Incdental | 644 | $258,608 | — | — |
| Delta Dental of Connecticut, Inc.vision | 493 | $27,517 | — | — |
| Berkshire Hathaway Specialty Insurance Companystop-loss | 338 | — | — | — |
| Life Insurance Company of North Americalife | — | — | $8,004 | — |
| Aetna Life Insurance Companystop-loss | 338 | — | — | — |
| Life Insurance Company of North Americacoverage not coded | — | — | $817 | — |
| Life Insurance Company of North Americalong-term disability | — | — | $6,536 | — |
| Life Insurance Company of North Americashort-term disability | — | — | — | — |
| Cigna Health and Life Insurance Companyshort-term disability | — | — | $11,088 | — |
| Cigna Health and Life Insurance Companycoverage not coded | — | — | $7,863 | — |
| Quantum Health Solutionscoverage not coded | 476 | — | $14,624 | — |
| Life Insurance Company of North Americashort-term disability | — | — | $17,874 | — |
| Cigna Health and Life Insurance Companycoverage not coded | — | — | $8,241 | — |
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 Matheny Medical & Educational Center 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 | 519 | 520 | +0.2% |
| Premiums filed | $300,925 | $286,125 | −4.9% |
| Broker commissions + fees | $60,520 | $75,047 | +24.0% |
| 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 |
|---|---|---|---|---|
| Matheny School and Hospital, Inc. Health & Welfare Plan#501 · insurance, general assets, trust | May 31, 2025 | March 16, 2026 | 1 days late | 520 |
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 Matheny Medical & Educational Center pay in health insurance broker commissions in 2024?
Matheny Medical & Educational Center's 2024 Form 5500 reports $75,047 in broker commissions and fees across 13 insurance contracts ($50,514 in commissions, $24,533 in fees), with Innovative Benefit Planning receiving the largest share.
Is Matheny Medical & Educational Center'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 Berkshire Hathaway Specialty Insurance Company).
How does Matheny Medical & Educational Center's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Matheny Medical & Educational Center because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 500-999 participants that disclosed broker pay reported a median of $104,902.
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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.