Mortgage Center, L.C.
Updated Filing received by DOL
Mortgage Center, L.C., a finance & insurance employer in Southfield, Michigan, reported 104 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $933,162 in insurance premiums across 10 contracts and $66,295 in broker commissions and fees, 4.3% 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 July 6, 2026, before the deadline.
Who was paid on Mortgage Center, L.C.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Mortgage Center, L.C. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Michigan Planners Inc. · Traverse City, MI | $47,695 | $0 | $47,695 | 9 |
| Michael J Dilorenzo · Washington, MI | $10,735 | $0 | $10,735 | 1 |
| Benefit Profiles Inc · Grand Rapids, MI | $0 | $7,865 | $7,865 | 8 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "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 Blue Shieldhealth, prescription drug, PPO | 145 | $695,645 | $29,141 | 4.2% |
| Blue Care Network of Michiganhealth, prescription drug, HMO | 50 | $237,517 | $10,735 | 4.5% |
| United of Omaha Life Insurance Companycoverage not coded | 28 | — | $1,269 | — |
| United of Omaha Life Insurance Companycoverage not coded | 47 | — | $1,335 | — |
| United of Omaha Life Insurance Companylong-term disability | 43 | — | $5,296 | — |
| United of Omaha Life Insurance Companylife | 73 | — | $3,849 | — |
| United of Omaha Life Insurance Companyvision | 81 | — | $1,696 | — |
| United of Omaha Life Insurance Companylife | 117 | — | $153 | — |
| United of Omaha Life Insurance Companyshort-term disability | 54 | — | $6,339 | — |
| United of Omaha Life Insurance Companydental | 84 | — | $6,482 | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Mortgage Center, L.C. 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: $4,785 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 | 2025 | Change | |
|---|---|---|---|
| Participants | 104 | 104 | +0.0% |
| Premiums filed | $0 | $933,162 | — |
| Broker commissions + fees | $51,591 | $66,295 | +28.5% |
| Commission rate | — | 4.3% | — |
Source: DOL Form 5500 filings for plan years 2023 and 2025.
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 |
|---|---|---|---|---|
| Mortgage Center Employee Benefits Plan#501 · insurance | December 31, 2025 | July 6, 2026 | before deadline | 104 |
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 Mortgage Center, L.C. pay in health insurance broker commissions in 2025?
Mortgage Center, L.C.'s 2025 Form 5500 reports $66,295 in broker commissions and fees across 10 insurance contracts ($58,430 in commissions, $7,865 in fees), with Michigan Planners Inc. receiving the largest share.
Is Mortgage Center, L.C.'s health plan self-funded or fully insured?
The 2025 filing indicates the plan is fully insured (an insurance carrier pays claims). Medical coverage is written by Blue Cross Blue Shield, Blue Care Network of Michigan.
How does Mortgage Center, L.C.'s broker compensation compare with similar employers?
Mortgage Center, L.C. paid 4.3% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Michigan is 3.2%. Percentages are computed only on fully insured medical contracts with filed premiums.
Send the full findings to your inbox.
A specialist writes up every finding for Mortgage Center, L.C. with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
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.