Multifamily Insurance Trust
Updated Filing received by DOL
Multifamily Insurance Trust, a real estate & rental employer in Suffern, New York, reported 585 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $1.4M in insurance premiums across 15 contracts and $23,413 in broker commissions and fees, 0.0% 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 March 2, 2026, within the extension window.
Who was paid on Multifamily Insurance Trust's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Multifamily Insurance Trust filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Centerstone Ins & Fin SVC LLC · White Plains, NY | $11,382 | $0 | $11,382 | 3 |
| DKG Insurance & Financial Serv Inc · White Plains, NY | $5,210 | $0 | $5,210 | 3 |
| Benefitmall · White Plains, NY | $384 | $3,908 | $4,292 | 3 |
| Asd Insurance & Financial Serv LLC · Dallas, TX | $2,529 | $0 | $2,529 | 3 |
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 |
|---|---|---|---|---|
| Cigna Health and Life Insurance Company and Affiliates (cigna)health, dental, vision, prescription drug, HMO, indemnity | 817 | $1.4M | — | — |
| Cigna Dental Health of New Jersey, Inc.dental | 17 | — | — | — |
| Cigna Dental Health of Pennsylvania, Inc.dental | 7 | — | — | — |
| Cigna Dental Health of Ohio, Inc.dental | 6 | — | — | — |
| Cigna Dental Health of Maryland, Inc.dental | 6 | — | — | — |
| Cigna Dental Health of Florida, Inc.dental | 18 | — | — | — |
| New York Life Group Insurance Company of New Yorklong-term disability | 998 | — | $5,134 | — |
| New York Life Group Insurance Company of New Yorkcoverage not coded | 998 | — | $790 | — |
| Cigna Health and Life Insurance Companycoverage not coded | 276 | — | $3,505 | — |
| Cigna Health and Life Insurance Companycoverage not coded | 196 | — | $4,158 | — |
| Cigna Health and Life Insurance Companycoverage not coded | 204 | — | $3,719 | — |
| Cigna Dental Health of Kentuckydental | 2 | — | — | — |
| Cigna Dental Health of Virginia, Inc.dental | 1 | — | — | — |
| Cigna Dental Health of North Carolina, Inc.dental | 1 | — | — | — |
| New York Life Group Insurance Company of New Yorklife | 998 | — | $6,107 | — |
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 Multifamily Insurance Trust 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: $1,717 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 | 587 | 585 | −0.3% |
| Premiums filed | $718,559 | $1,403,012 | +95.3% |
| Broker commissions + fees | $19,975 | $23,413 | +17.2% |
| Commission rate | — | 0.0% | — |
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 |
|---|---|---|---|---|
| Multifamily Insurance Trust Health and Welfare Benefits Wrap Plan#506 · insurance, trust | May 31, 2025 | March 2, 2026 | within extension | 585 |
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 Multifamily Insurance Trust pay in health insurance broker commissions in 2024?
Multifamily Insurance Trust's 2024 Form 5500 reports $23,413 in broker commissions and fees across 15 insurance contracts ($19,505 in commissions, $3,908 in fees), with Centerstone Ins & Fin SVC LLC receiving the largest share.
Is Multifamily Insurance Trust'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 and Affiliates (cigna).
How does Multifamily Insurance Trust's broker compensation compare with similar employers?
Multifamily Insurance Trust paid 0.0% of medical premium in commissions and fees. The median for employers with 500-999 participants is 2.7%, and the median in New York is 3.7%. 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.