Payer Matrix LLC
Updated Filing received by DOL
Payer Matrix LLC, a professional & technical services employer in Media, Pennsylvania, reported 208 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $2.9M in insurance premiums across 8 contracts and $217,396 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on June 26, 2026, before the deadline.
Who was paid on Payer Matrix LLC's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Payer Matrix LLC filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Emerson Rogers, LLC · Blue Bell, PA | $144,957 | $11,520 | $156,477 | 3 |
| Maven Benefits Partners · Media, PA | $44,515 | $4,688 | $49,203 | 5 |
| Ecbm, LP · Media, PA | $8,730 | $0 | $8,730 | 5 |
| Centro Benefits Research LLC · Kirkwood, MO | $0 | $2,986 | $2,986 | 5 |
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 |
|---|---|---|---|---|
| Independence Blue Crosshealth, PPO | 287 | $2.3M | $148,797 | 6.4% |
| Independence Blue Crossprescription drug | 287 | $605,723 | $3,840 | 0.6% |
| Independence Blue Crossvision | 287 | — | $3,840 | — |
| Starmount Life Insurance Companydental | 179 | — | $15,388 | — |
| Unum Life Insurance Company of Americalife, short-term disability, long-term disability | 207 | — | $33,071 | — |
| Unum Life Insurance Company of Americalife | 99 | — | $5,071 | — |
| Unum Insurance Companyhealth | 83 | — | $2,713 | — |
| Unum Insurance Companyhealth | 95 | — | $4,676 | — |
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 Payer Matrix LLC 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.
Not computable: no insured medical premium on the filing.
Premium per covered person on medical contracts: $8,091 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 | 181 | 208 | +14.9% |
| Premiums filed | $2,529,901 | $2,927,838 | not comparable |
| Broker commissions + fees | $191,895 | $217,396 | +13.3% |
| Commission rate | — | — | — |
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 |
|---|---|---|---|---|
| Payer Matrix Health and Welfare Plan#501 · insurance, general assets | November 30, 2025 | June 26, 2026 | before deadline | 208 |
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 Payer Matrix LLC pay in health insurance broker commissions in 2024?
Payer Matrix LLC's 2024 Form 5500 reports $217,396 in broker commissions and fees across 8 insurance contracts ($198,202 in commissions, $19,194 in fees), with Emerson Rogers, LLC receiving the largest share.
Is Payer Matrix LLC'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 Independence Blue Cross, Unum Insurance Company.
How does Payer Matrix LLC's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Payer Matrix LLC because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 200-499 participants that disclosed broker pay reported a median of $77,013.
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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.