Sterling Capital Management, Inc.
Updated Filing received by DOL
Sterling Capital Management, Inc., a finance & insurance employer in Birmingham, Alabama, reported 212 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $2.7M in insurance premiums across 5 contracts and $28,836 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 July 22, 2026, before the deadline.
Who was paid on Sterling Capital 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 Sterling Capital Management, Inc. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| IMA Financial · Birmingham, AL | $14,637 | $0 | $14,637 | 1 |
| National Enrollment Partners · Cranston, RI | $0 | $6,612 | $6,612 | 1 |
| Lockton · Atlanta, GA | $5,312 | $0 | $5,312 | 2 |
| Valent Group, LLC · Vestavia, AL | $1,728 | $0 | $1,728 | 2 |
| Marsh McLennan Agency · Birmingham, AL | $407 | $0 | $407 | 1 |
| Sandy Loden · Fultondale, AL | $63 | $0 | $63 | 1 |
| Sondra Blaylock · Birmingham, AL | $34 | $0 | $34 | 1 |
| SAIC, Inc. · Columbus, GA | $24 | $0 | $24 | 1 |
| John Yarborough · Hoover, AL | $17 | $0 | $17 | 1 |
| Brian Hicks · Thompsons Station, TN | $1 | $0 | $1 | 1 |
| John Lee · Ellerslie, GA | $1 | $0 | $1 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "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 |
|---|---|---|---|---|
| Bluecross and Blueshield of Alabamahealth, dental, prescription drug, PPO | 426 | $2.7M | — | — |
| Vision Service Planvision | 59 | — | $701 | — |
| Fidelity Security Life Insurance Companyvision | 199 | — | $1,549 | — |
| Aflaccoverage not coded | 1 | — | $140 | — |
| Hartford Life and Accidentlife, short-term disability, long-term disability | 243 | — | $26,446 | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Sterling Capital 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: $6,221 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
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 194 | 212 | +9.3% |
| Premiums filed | $1,955,193 | $2,650,329 | +35.6% |
| Broker commissions + fees | $23,135 | $28,836 | +24.6% |
| Commission rate | 0.0% | 0.0% | +0.0 pts |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
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 |
|---|---|---|---|---|
| The Welfare Benefit Plan of Sterling Capital Management, Inc. and Affiliated Companies#512 · insurance, general assets | December 31, 2025 | July 22, 2026 | before deadline | 212 |
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 Sterling Capital Management, Inc. pay in health insurance broker commissions in 2025?
Sterling Capital Management, Inc.'s 2025 Form 5500 reports $28,836 in broker commissions and fees across 5 insurance contracts ($22,224 in commissions, $6,612 in fees), with IMA Financial receiving the largest share.
Is Sterling Capital Management, Inc.'s health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Bluecross and Blueshield of Alabama.
How does Sterling Capital Management, Inc.'s broker compensation compare with similar employers?
Sterling Capital Management, Inc. paid 0.0% of medical premium in commissions and fees. The median for employers with 200-499 participants is 3.6%, 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.