Northland Investment Corporation
Updated Filing received by DOL
Northland Investment Corporation, a real estate & rental employer in Newton, Massachusetts, reported 638 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $6.1M in insurance premiums across 4 contracts and $240,912 in broker commissions and fees, 2.4% 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 14, 2026, before the deadline.
Who was paid on Northland Investment Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Northland Investment Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Gallagher · Chicago, IL | $153,295 | $66,642 | $219,937 | 4 |
| Indigo Insurance Services, LLC · Worcester, MA | $0 | $20,480 | $20,480 | 1 |
| M Financial Holdings Incorporated · Portland, OR | $475 | $20 | $495 | 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 Blue Shield of Massachusetts, Inc.health, dental, prescription drug | 876 | $6.1M | $143,712 | 2.4% |
| Hartford Life and Accidentlife, short-term disability, long-term disability | 667 | — | $91,524 | — |
| Eyemed Vision Care on Behalf of Fidelity Security Life Insurance Co.vision | 729 | — | $1,928 | — |
| Provident Life and Accident Insurance Companylong-term disability | 19 | — | $3,748 | — |
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 Northland Investment Corporation 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: $6,925 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 | 620 | 638 | +2.9% |
| Premiums filed | $5,664,958 | $6,065,997 | +7.1% |
| Broker commissions + fees | $200,046 | $240,912 | +20.4% |
| Commission rate | 2.6% | 2.4% | −0.2 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 |
|---|---|---|---|---|
| Northland Investment Corporation Employee Benefits Plan#502 · insurance, general assets | June 30, 2025 | January 14, 2026 | before deadline | 638 |
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 Northland Investment Corporation pay in health insurance broker commissions in 2024?
Northland Investment Corporation's 2024 Form 5500 reports $240,912 in broker commissions and fees across 4 insurance contracts ($153,770 in commissions, $87,142 in fees), with Gallagher receiving the largest share.
Is Northland Investment Corporation'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 Blue Shield of Massachusetts, Inc..
How does Northland Investment Corporation's broker compensation compare with similar employers?
Northland Investment Corporation paid 2.4% of medical premium in commissions and fees. The median for employers with 500-999 participants is 2.7%, and the median in Massachusetts is 2.5%. 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.