Modern Forge Companies, LLC
Updated Filing received by DOL
Modern Forge Companies, LLC, a manufacturing — metal, equipment, transportation employer in Merrillville, Indiana, reported 549 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $59,829 in insurance premiums across 3 contracts and $116,388 in broker commissions and fees. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Sun Life Insurance Company of Canada). The Department of Labor received an amended filing on August 10, 2026; the original filing date is not in the public dataset.
Who was paid on Modern Forge Companies, LLC's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Modern Forge Companies, LLC filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International | $79,404 | $5,948 | $85,352 | 2 |
| Cottingham & Butler Insurance · Dubuque, IA | $21,336 | $609 | $21,945 | 2 |
| Eoi Service Company Inc. · Anaheim, CA | $7,897 | $0 | $7,897 | 1 |
| Ibenefit Communication, LLC · Charlotte, NC | $0 | $1,194 | $1,194 | 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 |
|---|---|---|---|---|
| Vision Service Planvision | 381 | $59,829 | — | — |
| Sun Life Insurance Company of Canadastop-loss | — | — | $41,948 | — |
| Reliastar Life Insurance Companylife, long-term disability | 637 | — | $74,440 | — |
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 Modern Forge Companies, LLC 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 | 461 | 549 | +19.1% |
| Premiums filed | $67,530 | $59,829 | −11.4% |
| Broker commissions + fees | $121,258 | $116,388 | −4.0% |
| 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 |
|---|---|---|---|---|
| Modern Drop Forge Company Employee Welfare Plan#501 · amended · insurance, general assets, trust | December 31, 2024 | August 10, 2026 | amended filing; original date not in data | 549 |
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 Modern Forge Companies, LLC pay in health insurance broker commissions in 2024?
Modern Forge Companies, LLC's 2024 Form 5500 reports $116,388 in broker commissions and fees across 3 insurance contracts ($108,637 in commissions, $7,751 in fees), with HUB International receiving the largest share.
Is Modern Forge Companies, LLC's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from Sun Life Insurance Company of Canada).
How does Modern Forge Companies, LLC's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Modern Forge Companies, LLC 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.