Mortgage Investors Group
Updated Filing received by DOL
Mortgage Investors Group, a finance & insurance employer in Knoxville, Tennessee, reported 240 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $3.4M in insurance premiums across 3 contracts and $235,224 in broker commissions and fees, 6.1% 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 September 11, 2026, before the deadline.
Who was paid on Mortgage Investors Group'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 Investors Group filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Edward Owens · Knoxville, TN | $190,562 | $0 | $190,562 | 1 |
| HUB International · Nashville, TN | $18,659 | $2,430 | $21,089 | 1 |
| Gregory Sherrod · Knoxville, TN | $18,795 | $0 | $18,795 | 1 |
| Carla Stiner Reel · Knoxville, TN | $1,844 | $83 | $1,927 | 1 |
| Allen Winston McMichael · Knoxville, TN | $1,677 | $0 | $1,677 | 1 |
| Nicholas Moor Weissfeld · Knoxville, TN | $467 | $41 | $508 | 1 |
| Benefoundry Inc & Other Agents · Antioch, TN | $160 | $33 | $193 | 1 |
| Daniel James Perkins · Brentwood, TN | $168 | $0 | $168 | 1 |
| JM Tamer & Co · Knoxville, TN | $153 | $0 | $153 | 1 |
| Mary Daugherty · Corryton, TN | $151 | $0 | $151 | 1 |
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 |
|---|---|---|---|---|
| Bluecross Blueshield of Tennessee, Inc.health, dental, vision, prescription drug | 102 | $3.4M | $209,357 | 6.1% |
| The Guardian Life Insurance Company of Americalife, short-term disability, long-term disability | 247 | — | $21,089 | — |
| Colonial Life and Accident Insurance Companylife, short-term disability, long-term disability | 32 | — | $4,778 | — |
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 Investors Group 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: $33,661 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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 216 | 240 | +11.1% |
| Premiums filed | $3,499,764 | $3,433,454 | −1.9% |
| Broker commissions + fees | $207,373 | $235,224 | +13.4% |
| Commission rate | 5.2% | 6.1% | +0.9 pts |
Source: DOL Form 5500 filings for plan years 2024 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 Investors Group Welfare Benefit Plan#501 · insurance, general assets | February 28, 2026 | September 11, 2026 | before deadline | 240 |
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 Investors Group pay in health insurance broker commissions in 2025?
Mortgage Investors Group's 2025 Form 5500 reports $235,224 in broker commissions and fees across 3 insurance contracts ($232,637 in commissions, $2,587 in fees), with Edward Owens receiving the largest share.
Is Mortgage Investors Group's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Bluecross Blueshield of Tennessee, Inc..
How does Mortgage Investors Group's broker compensation compare with similar employers?
Mortgage Investors Group paid 6.1% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, and the median in Tennessee is 3.9%. 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.