Southern Company Services, Inc.
Updated Filing received by DOL
Southern Company Services, Inc., an utilities employer in Atlanta, Georgia, reported 42,001 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $21M in insurance premiums across 26 contracts and $2.1M 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 October 14, 2025, within the extension window.
Who was paid on Southern Company Services, 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 Southern Company Services, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Willis Towers Watson · New York, NY | $869,887 | $286,688 | $1,156,575 | 10 |
| American Benefits and Compensation · New York, NY | $0 | $477,981 | $477,981 | 4 |
| Strategic Non-Medical Solutions LLC · Boston, MA | $0 | $249,327 | $249,327 | 4 |
| Aon · Chicago, IL | $0 | $142,638 | $142,638 | 3 |
| American Ben & Comp. SYS. Inc. · New York, NY | $25,208 | $0 | $25,208 | 2 |
| Marsh McLennan Agency · Charlotte, NC | $3,760 | $1,483 | $5,243 | 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
The 24 largest of 26 contracts reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
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 Southern Company Services, 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: $5,548 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 | 41,504 | 42,001 | +1.2% |
| Premiums filed | $18,946,085 | $20,597,413 | +8.7% |
| Broker commissions + fees | $1,420,457 | $2,056,972 | +44.8% |
| 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 |
|---|---|---|---|---|
| Southern Company Services, Inc. Health and Welfare Benefits Plan#607 · insurance, general assets | December 31, 2024 | October 14, 2025 | within extension | 42,001 |
| Southern Company Services, Inc. Health Care Plan for Retirees#608 · insurance, general assets, trust | December 31, 2024 | October 14, 2025 | within extension | 16,402 |
| Health and Welfare Plan for Retirees & Inactive Employees of Southern Company Gas#802 · insurance, general assets, trust | December 31, 2024 | October 14, 2025 | within extension | 3,014 |
| Southern Company Services, Inc. Health Reimbursement Arrangement for Retirees Plan#702 · general assets | December 31, 2024 | October 14, 2025 | within extension | 1,325 |
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 Southern Company Services, Inc. pay in health insurance broker commissions in 2024?
Southern Company Services, Inc.'s 2024 Form 5500 reports $2,056,972 in broker commissions and fees across 26 insurance contracts ($898,855 in commissions, $1,158,117 in fees), with Willis Towers Watson receiving the largest share.
Is Southern Company Services, 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, Kaiser Foundation Health Plan of Georgia, Anthem Blue Cross Blue Shield.
How does Southern Company Services, Inc.'s broker compensation compare with similar employers?
Southern Company Services, Inc. paid 0.0% of medical premium in commissions and fees. The median for employers with 5,000+ participants is 4.8%, and the median in Georgia is 7.0%. 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.