Misfits Market
Updated Filing received by DOL
Misfits Market, a wholesale trade employer in Hanover, Maryland, reported 767 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 4 insurance contracts with no premium reported and $319,700 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on November 5, 2025, within the extension window.
Who was paid on Misfits Market's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Misfits Market filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Creative Benefits Inc · Newtown Square, PA | $151,981 | $21,115 | $173,096 | 3 |
| Bgbrand Benefits, LLC · Newton Square, PA | $69,630 | $1,184 | $70,814 | 1 |
| Marsh McLennan Agency · Philadelphia, PA | $55,402 | $0 | $55,402 | 3 |
| Centro Benefits Research LLC · Atlanta, GA | $0 | $7,944 | $7,944 | 1 |
| Kistler Tiffany Benefits · Mount Laurel, NJ | $0 | $6,235 | $6,235 | 1 |
| OneDigital · Atlanta, GA | $5,683 | $0 | $5,683 | 1 |
| Triben Insurance Solutions Inc · Media, PA | $0 | $526 | $526 | 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 |
|---|---|---|---|---|
| The Guardian Life Insurance Company of Americadental | 585 | — | $27,227 | — |
| Cigna Health and Life Insurance Companyhealth | 653 | — | $210,653 | — |
| Hartford Life and Accidenthealth, life, short-term disability, long-term disability | 493 | — | $79,284 | — |
| Vision Service Planvision | 541 | — | $2,536 | — |
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 Misfits Market 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 | 834 | 767 | −8.0% |
| Premiums filed | $60,245 | $0 | not comparable |
| Broker commissions + fees | $338,819 | $319,700 | −5.6% |
| 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 |
|---|---|---|---|---|
| Misfits Market Health and Welfare Plan#501 · insurance, general assets | February 28, 2025 | November 5, 2025 | within extension | 767 |
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 Misfits Market pay in health insurance broker commissions in 2024?
Misfits Market's 2024 Form 5500 reports $319,700 in broker commissions and fees across 4 insurance contracts ($282,696 in commissions, $37,004 in fees), with Creative Benefits Inc receiving the largest share.
Is Misfits Market'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 Cigna Health and Life Insurance Company, Hartford Life and Accident.
How does Misfits Market's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Misfits Market 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.