Miami Management, Inc.
Updated Filing received by DOL
Miami Management, Inc., a real estate & rental employer in Miami, Florida, reported 299 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.5M in insurance premiums across 4 contracts and $52,291 in broker commissions and fees, 2.7% 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 8, 2026, within the extension window.
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 |
|---|---|---|---|---|
| Health Optionshealth, prescription drug | 137 | $1.3M | $33,119 | 2.6% |
| Blue Cross Blue Shield of Floridahealth, prescription drug | 14 | $265,699 | $8,118 | 3.1% |
| Solstice Benefits, Incdental, vision | 207 | — | $10,282 | — |
| Usable Lifelife | 265 | — | $772 | — |
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 Miami Management, 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: $10,179 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 | 208 | 299 | +43.8% |
| Premiums filed | $0 | $1,536,990 | — |
| Broker commissions + fees | $87,067 | $52,291 | −39.9% |
| Commission rate | — | 2.7% | — |
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 |
|---|---|---|---|---|
| Miami Management, Inc. Benefits Plan#510 · insurance | October 31, 2025 | June 8, 2026 | within extension | 299 |
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 Miami Management, Inc. pay in health insurance broker commissions in 2024?
Miami Management, Inc.'s 2024 Form 5500 reports $52,291 in broker commissions and fees across 4 insurance contracts ($52,291 in commissions, $0 in fees).
Is Miami Management, 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 Health Options, Blue Cross Blue Shield of Florida.
How does Miami Management, Inc.'s broker compensation compare with similar employers?
Miami Management, Inc. paid 2.7% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Florida is 4.6%. 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.