Multifamily Management Inc
Updated Filing received by DOL
Multifamily Management Inc, a real estate & rental employer in Mobile, Alabama, reported 102 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $783,626 in insurance premiums across 4 contracts and $14,213 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 January 12, 2026, before the deadline.
Who was paid on Multifamily Management Inc'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 Management Inc filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International · Riverside, CA | $12,455 | $288 | $12,743 | 6 |
| Victoria R McVay · Mobile, AL | $546 | $0 | $546 | 1 |
| Gis Benefits Inc · Morris, IL | $0 | $366 | $366 | 1 |
| Sarah Younce Zaccaro · Mobile, AL | $188 | $0 | $188 | 1 |
| Bozeman Enterprises Inc · Daphne, AL | $153 | $0 | $153 | 1 |
| Michael S Maskill · Fairhope, AL | $133 | $0 | $133 | 1 |
| Tina Catherine Oglesby · Theodore, AL | $37 | $0 | $37 | 1 |
| Img · Indianapolis, IN | $0 | $23 | $23 | 1 |
| Jacob Younce · Daphne, AL | $15 | $0 | $15 | 1 |
| Estate of Ronald Wallace · Bay Minette, AL | $9 | $0 | $9 | 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 |
|---|---|---|---|---|
| Blue Cross and Blue Shield of Alabamahealth, prescription drug, PPO | 67 | $783,626 | — | — |
| Prudential Insurance Company of Americalife, short-term disability, long-term disability | 93 | — | $10,799 | — |
| Principal Life Insurance Companyvision | 52 | — | $1,263 | — |
| Continental American Insurance Companycoverage not coded | 40 | — | $2,151 | — |
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 Management Inc 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: $11,696 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 | 119 | 102 | −14.3% |
| Premiums filed | $758,423 | $783,626 | +3.3% |
| Broker commissions + fees | $15,349 | $14,213 | −7.4% |
| Commission rate | 0.0% | 0.0% | +0.0 pts |
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 Management Inc Employee Benefits Plan#504 · insurance, general assets | July 31, 2025 | January 12, 2026 | before deadline | 102 |
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 Management Inc pay in health insurance broker commissions in 2024?
Multifamily Management Inc's 2024 Form 5500 reports $14,213 in broker commissions and fees across 4 insurance contracts ($13,536 in commissions, $677 in fees), with HUB International receiving the largest share.
Is Multifamily Management Inc'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 Blue Cross and Blue Shield of Alabama.
How does Multifamily Management Inc's broker compensation compare with similar employers?
Multifamily Management Inc paid 0.0% of medical premium in commissions and fees. The median for employers with 100-199 participants is 4.2%, and the median in Alabama 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.