Matrix Service Company
Updated Filing received by DOL
Matrix Service Company, a construction employer in Tulsa, Oklahoma, reported 1,103 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.3M in insurance premiums across 14 contracts and $198,729 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on January 21, 2026, before the deadline.
Who was paid on Matrix Service Company's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Matrix Service Company filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Lockton · Kansas City, MO | $125,866 | $44,544 | $170,410 | 18 |
| Matrix Service Company · Tulsa, OK | $0 | $28,320 | $28,320 | 3 |
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 |
|---|---|---|---|---|
| Standard Insurance Companylife | 1,515 | $891,578 | $67,876 | 7.6% |
| Standard Insurance Companylong-term disability | 880 | $296,434 | $28,901 | 9.7% |
| Standard Insurance Companyshort-term disability | 252 | $153,747 | $16,823 | 10.9% |
| Metlife Legal Planscoverage not coded | 123 | — | $3,085 | — |
| Kaiser Foundation Health Plan, Inc.health, HMO | 1 | — | — | — |
| Kaiser Foundation Health Plan, Inc.health, HMO | 50 | — | — | — |
| Kaiser Foundation Health Plan, Inc.health, HMO | 1 | — | — | — |
| Vision Service Planvision | 974 | — | $4,051 | — |
| National Union Fire Ins. Co. of Pittsburgh, PAcoverage not coded | 623 | — | — | — |
| Reliastar Life Insurance Companycoverage not coded | 796 | — | $57,564 | — |
| Kaiser Foundation Health Plan of Washingtonhealth, HMO | 68 | — | — | — |
| Massachusetts Mutual Life Insurance Companylife | 78 | — | — | — |
| Four Ever Life Ins Co.coverage not coded | — | — | $732 | — |
| Provident Life and Accident Insurance Companylong-term disability | 22 | — | $19,697 | — |
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 Matrix Service Company 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 | 1,635 | 1,103 | −32.5% |
| Premiums filed | $596,818 | $1,341,759 | +124.8% |
| Broker commissions + fees | $217,354 | $198,729 | −8.6% |
| 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 |
|---|---|---|---|---|
| Matrix Service Company Health Benefit Plan#501 · insurance, general assets | June 30, 2025 | January 21, 2026 | before deadline | 1,103 |
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 Matrix Service Company pay in health insurance broker commissions in 2024?
Matrix Service Company's 2024 Form 5500 reports $198,729 in broker commissions and fees across 14 insurance contracts ($89,589 in commissions, $109,140 in fees), with Lockton receiving the largest share.
Is Matrix Service Company'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 Kaiser Foundation Health Plan, Inc., Kaiser Foundation Health Plan of Washington.
How does Matrix Service Company's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Matrix Service Company because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 1,000-4,999 participants that disclosed broker pay reported a median of $168,579.
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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.