McElveen Buick GMC, Inc.
Updated Filing received by DOL
McElveen Buick GMC, Inc., a retail — stores, food, auto, clothing employer in Summerville, South Carolina, reported 180 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.0M in insurance premiums across 3 contracts and $92,970 in broker commissions and fees, 5.0% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is fully insured (an insurance carrier pays claims). The Department of Labor received the filing on June 17, 2026, before the deadline.
Who was paid on McElveen Buick GMC, 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 McElveen Buick GMC, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| The Cason Group Inc · Columbia, SC | $60,602 | $0 | $60,602 | 2 |
| Contemporary Benefits Advisors · Monroe, NC | $23,718 | $2,356 | $26,074 | 1 |
| Various - See Attached | $5,426 | $868 | $6,294 | 1 |
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 |
|---|---|---|---|---|
| Blue Cross and Blue Shield of South Carolinahealth, prescription drug | 107 | $1.0M | $50,040 | 5.0% |
| The Guardian Life Insurance Company of Americadental, vision, life, short-term disability, long-term disability | 185 | — | $36,636 | — |
| Colonial Life & Accident Insurance Companycoverage not coded | 83 | — | $6,294 | — |
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 McElveen Buick GMC, 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.
Premium per covered person on medical contracts: $9,365 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
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 |
|---|---|---|---|---|
| McElveen Buick GMC, Inc. Health & Welfare Benefit Plan#501 · insurance | November 30, 2025 | June 17, 2026 | before deadline | 180 |
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 McElveen Buick GMC, Inc. pay in health insurance broker commissions in 2024?
McElveen Buick GMC, Inc.'s 2024 Form 5500 reports $92,970 in broker commissions and fees across 3 insurance contracts ($89,746 in commissions, $3,224 in fees), with The Cason Group Inc receiving the largest share.
Is McElveen Buick GMC, Inc.'s health plan self-funded or fully insured?
The 2024 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by Blue Cross and Blue Shield of South Carolina.
How does McElveen Buick GMC, Inc.'s broker compensation compare with similar employers?
McElveen Buick GMC, Inc. paid 5.0% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in South Carolina is 3.9%. 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.