Savant Systems, Inc.
Updated Filing received by DOL
Savant Systems, Inc., a professional & technical services employer in Hyannis, Massachusetts, reported 438 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $7.6M in insurance premiums across 4 contracts and $186,115 in broker commissions and fees, 1.9% 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 8, 2025, within the extension window.
Who was paid on Savant Systems, 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 Savant Systems, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International · Wilmington, MA | $139,074 | $36,805 | $175,879 | 4 |
| Andrea R. Henchey · Shrewsbury, MA | $1,716 | $1,004 | $2,720 | 1 |
| Inspired Inc and Other Agents · Moscow, TN | $1,569 | $339 | $1,908 | 1 |
| Michael R. Ackerman · Wayne, PA | $1,510 | $272 | $1,782 | 1 |
| Enrollment Solutions LTD · Sutton, MA | $1,081 | $578 | $1,659 | 1 |
| Clarice D. Lewis LLC · Charlotte, NC | $1,372 | $14 | $1,386 | 1 |
| Mary J. Yarnell · Battle Creek, MI | $781 | $0 | $781 | 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, HMO, PPO | 867 | $7.6M | $148,173 | 1.9% |
| Vision Service Planvision | 382 | — | $1,600 | — |
| Sun Life Assurance Company of Canadalife, short-term disability, long-term disability | 415 | — | $18,677 | — |
| Colonial Life & Accident Insurance Companylife, short-term disability | 55 | — | $17,665 | — |
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 Savant Systems, 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: $8,783 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 | 575 | 438 | −23.8% |
| Premiums filed | $9,014,049 | $7,614,507 | −15.5% |
| Broker commissions + fees | $230,922 | $186,115 | −19.4% |
| Commission rate | 2.1% | 1.9% | −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 |
|---|---|---|---|---|
| Savant Systems, Inc. Health & Welfare Plan#501 · insurance, general assets | December 31, 2024 | September 8, 2025 | within extension | 438 |
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 Savant Systems, Inc. pay in health insurance broker commissions in 2024?
Savant Systems, Inc.'s 2024 Form 5500 reports $186,115 in broker commissions and fees across 4 insurance contracts ($147,103 in commissions, $39,012 in fees), with HUB International receiving the largest share.
Is Savant Systems, 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 Blue Shield of Massachusetts, Inc..
How does Savant Systems, Inc.'s broker compensation compare with similar employers?
Savant Systems, Inc. paid 1.9% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, 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.