Mi-T-M Corporation
Updated Filing received by DOL
Mi-T-M Corporation, a manufacturing — metal, equipment, transportation employer in Peosta, Iowa, reported 365 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.1M in insurance premiums across 10 contracts and $144,713 in broker commissions and fees, 2.4% 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 November 25, 2025, before the deadline.
Who was paid on Mi-T-M Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Mi-T-M Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Holmes Murphy · Des Moines, IA | $80,995 | $2,391 | $83,386 | 8 |
| Avant Specialty Benefits LLC · Kansas City, MO | $50,500 | $0 | $50,500 | 1 |
| Avant Speciality Benefits LLC · Kansas City, MO | $10,827 | $0 | $10,827 | 6 |
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 |
|---|---|---|---|---|
| Wellmark Blue Cross and Blue Shield of Iowahealth, dental | 264 | $2.1M | $51,210 | 2.4% |
| Reliance Standard Life Insurance Companylife | 352 | — | $12,287 | — |
| Reliance Standard Life Insurance Companylong-term disability | 63 | — | $2,183 | — |
| Reliance Standard Life Insurance Companycoverage not coded | 92 | — | $3,533 | — |
| Reliance Standard Life Insurance Companycoverage not coded | 128 | — | $152 | — |
| Reliance Standard Life Insurance Companycoverage not coded | 98 | — | $4,151 | — |
| Reliance Standard Life Insurance Companylong-term disability | 134 | — | $266 | — |
| Reliance Standard Life Insurance Companyshort-term disability | 220 | — | $12,335 | — |
| Delta Dental of Iowadental | 272 | — | $8,096 | — |
| Sun Life Assurance Company of Canadastop-loss | 265 | — | $50,500 | — |
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 Mi-T-M Corporation 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: $8,049 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 | 275 | 365 | +32.7% |
| Premiums filed | $3,157,801 | $2,124,970 | −32.7% |
| Broker commissions + fees | $35,622 | $144,713 | +306.2% |
| Commission rate | 0.0% | 2.4% | +2.4 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 |
|---|---|---|---|---|
| Mi-T-M Corporation Welfare Benefit Plan#502 · insurance, general assets | April 30, 2025 | November 25, 2025 | before deadline | 365 |
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 Mi-T-M Corporation pay in health insurance broker commissions in 2024?
Mi-T-M Corporation's 2024 Form 5500 reports $144,713 in broker commissions and fees across 10 insurance contracts ($142,322 in commissions, $2,391 in fees), with Holmes Murphy receiving the largest share.
Is Mi-T-M Corporation'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 and Blue Shield of Iowa.
How does Mi-T-M Corporation's broker compensation compare with similar employers?
Mi-T-M Corporation paid 2.4% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, 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.